Economics

A steady-state equilibrium refers to: A) an equilibrium in which the

A steady-state equilibrium refers to: A) an equilibrium in which the stock of physical capital remains constant over time. B) an equilibrium in which the inequality remains constant over time. C) an equilibrium in which the GDP per capita remains constant over time. D) an equilibrium in which the poverty rate remains constant over time. […]

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Date: September 2nd, 2020

Which of the following statements is FALSE? A) The federal budget def

Which of the following statements is FALSE? A) The federal budget deficit in 2004 was about 4 percent of the GDP. B) During the past five years, the U.S. public debt has been increasing. C) The public debt of $25 billion is the accumulated debt of all U.S. individuals, firms, and institutions. D) A budget […]

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Date: September 2nd, 2020