In the Short-Run Framework, Budget Deficits Should

question 94

Multiple Choice

In the short-run framework, budget deficits should:

• A)never be run since they slow economic growth over the long run.
• B)never be run since they crowd out investment in the short run.
• C)be run on a temporary basis whenever the economy is below potential output.
• D)be run on a permanent basis since they can always be financed by printing money.

Analyze the impact of international organizations and agreements (e.g., United Nations, NATO, IMF) on global politics and economy.

Explain the role of soft power, economic aid, and sanctions in international relations.

Appreciate the historical context and significance of major global events and conflicts.

Grasp the importance of global military expenditures and the distribution of aid.

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