I believe the answer is: D) The nation’s deficit rose greatly as inflation and unemployment fell.
In reagan administration, the government reduce the amount of tax payment that must be paid by the citizens.
Even though this resulted in deficit of government budget, a lot of businesses managed to flourish and able to hire more workers. Which resulted in a decrease of inflation and unemployment.
Because it helps identify the feelings and behavior of a polictical citizen. It also refers to the beliefs of a person polictical and social change
Answer:
E, The economy is in a recessionary gap when the short-run equilibrium real output is above the long-run equilibrium real output.
Explanation:
See attached picture.
Diagram is from Andrew McCarthy's "Digging a Little Deeper" website/ blog.
Answer:
Republic: "A state in which supreme power is held by the people and their elected representatives..."
Democracy: "A system of government by the whole population or all the eligible members of a state, typically through elected representatives."
Explanation:
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