For given government spending and taxation the government budget deficit will grow in _________ and decline in __________?

Related Mcqs:

Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?

A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s B. The classical model to explain the prolonged existence of high unemployment during the Great Depression C. fine tuning during the 1960s D. the economy to grow at a rapid rate during the 1950s...

Nominal GNP measures income ?

A. At the present time B. corrected for tax changes C. corrected for changes in interest rates D. At current prices...

Higher export demand __________ output and a higher MPZ __________ output?

A. reduces, reduces B. reduces, increase C. increase, reduces D. increases, increases...

Aggregate supply is the total amount ?

A. produced by the government B. of products produced by a given industry C. of labor supplied by all households D. of goods and services produced in an economy...

The total multiplier for the economy will reflect ?

A. MPC and MPT B. MPT and MPZ C. MPC and MPZ D. MPC, MPT and MPZ...