(03.03 MC)Imagine the federal government has a national debt of $12.6 trillion. Congress’s budget for the coming year includes a spending projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. If this budget is approved with no changes, what will be the outcome?

(01.04 LC)On a market graph, which of the following would indicate an increase in total supply?

(02.02 LC)Your friend wants to open a taco stand. A necessary labor resource is

(02.06 MC) Use the data table to answer the question that follows. Year Nominal GDP GDP Deflator 2008 $50,000 200 2009 $55,000 220 Based on the data above, which of the following must have occurred from 2008 to 2009?

(03.03 MC)Which of the following fiscal policies has the best potential for reducing unemployment?

(04.06 MC) Which of the following would be an open-market transaction by the central bank to combat a high unemployment rate?

(02.02 LC)Your friend wants to open a clothing shop. A necessary capital resource is a

(01.08 LC)What are stocks?

(04.02 MC) A bank is currently giving out loans at an interest rate of 17% for an expected inflation rate of 3%. What is the current real interest rate in the economy?

(06.01–06.06 HC) Country A and Country B are trading partners each with a current account balance of zero. Country A’s currency is the dollar, and Country B’s currency is the euro. If real output in Country A increases, will it result in a current account deficit, surplus, or no change? Explain. Draw a graph of the foreign exchange market for the dollar of Country A. Illustrate the effect of the increase in real output in Country A on the value of its dollar compared to the euro of Country B. Now if interest rates in Country B decrease what will be the impact on the demand for the dollar of Country A? Explain. Based on part (c), what will be the effect on the value of the dollar of Country A compared to the euro of Country B?