Potential gdp of $12 trillion and if real gdp equaled potential gdp, the budget deficit would be $1 trillion.

real gdp actually equals $14 trillion and the budget surplus is $3 trillion.

the economy has a structural and a cyclical

a. surplus of $3 trillion; surplus of $2 trillion

b. deficit of $1 trillion; surplus of $2 trillion

c. surplus of $4 trillion; deficit of $1 trillion

d. deficit of $1 trillion; surplus of $4 trillion

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?