Presidential candidate trump promised in mid 2016 that if he became President, he would never have $400 billion budget deficit. As the President of the US from 2016-2020, he has Group of answer choices Broken his promise since the budget deficit for 2019-2020 is $350 billion. Kept his promise since the budget deficit for 2019-2020 is $984 billion trillion. Broken his promise since the budget deficit for 2019-2020 is $400 billion. Kept his promise since the budget deficit for 2019-2020 is $350 billion

Presidential candidate trump promised in mid 2016 that if he became President, he would never have $400 billion budget deficit. As the President of the US from 2016-2020, he has Group of answer choices Broken his promise since the budget deficit for 2019-2020 is $350 billion. Kept his promise since the budget deficit for 2019-2020 is $984 billion trillion. Broken his promise since the budget deficit for 2019-2020 is $400 billion. Kept his promise since the budget deficit for 2019-2020 is $350 billion

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 5SQ

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In an election year, two candidates for the prime minister position of Country S have set a debating session on the country’s long run economic future with each holds a different vision. Candidate A favours holding the line on taxes (fixed) and increasing government spending while Candidate B also favours holding the line on taxes, but wish to reduce government spending. The economy of Country S now is in recession due to the Covid-19 pandemic where unemployment rate is high, inflation level is low and economic growth is negative. Assume Candidate A wins the election and his programmes are enacted, the government of Country S would begin to run deficit budget. Explain the effects of Candidate A programmes on Country S’s unemployment rate, inflation level as well as economic growth.
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