Fill in the blanks with increase, decrease, no change or ambiguous. 1. Other things the same, an increase in trade deficit will 2. Other things the same, an increase in trade deficit will 3. Other things the same, an increase in budget deficit will 4. Other things the same, an increase in trade deficit will 5. Other things the same, an increase in trade surplus will 6. Other things the same, an increase in budget surplus will 7. Other things the same, an increase in social security spending will Unemployment. GDP. Unemployment. GDP. Unemployment. unemployment. GDP. 8. Other things the same, an increase in social security spending will 9. Other things the same, an increase in foreign aid will GDP. GDP.
Fill in the blanks with increase, decrease, no change or ambiguous. 1. Other things the same, an increase in trade deficit will 2. Other things the same, an increase in trade deficit will 3. Other things the same, an increase in budget deficit will 4. Other things the same, an increase in trade deficit will 5. Other things the same, an increase in trade surplus will 6. Other things the same, an increase in budget surplus will 7. Other things the same, an increase in social security spending will Unemployment. GDP. Unemployment. GDP. Unemployment. unemployment. GDP. 8. Other things the same, an increase in social security spending will 9. Other things the same, an increase in foreign aid will GDP. GDP.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 25P: Sketch a diagram of how a budget deficit causes a trade deficit. (Hint: Begin with what will happen...
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