In economic downturns, a balanced budget requirement limits the ability of gover

Question

In economic downturns, a balanced budget requirement limits the ability of governments to conduct: Expansionary monetary policy Entitlement spending Deficit spending Both b and c None of the above Suppose the federal government has to borrow money because it has budget deficits. Some people argue that this will hinder long term economic growth through which mechanism? Higher depreciation of capital assets Higher interest rates Lower taxes Entitlement spending Greater inflation Consider three cities: New York, San Francisco, and Hanoi. Suppose you prefer San Francisco to Hanoi and are indifferent between New York and Hanoi. Which of the following is true? You prefer San Francisco to New York. You prefer New York to San Francisco. You are indifferent between New York and San Francisco. None of the above

Explanation / Answer

3. d. both a and c.

4. d.both b and c

5.b higher interest rate

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