U.S. budget deficit widens Question list K In the fiscal year 2019, the projected U.S. federal government deficit totaled $960 billion, which is 23.2 percent higher than a year earlier. Source: Congressional Budget Office, August 21, 2019 O Question 12 Given the information in the news clip, what was the total change in U.S. national debt during the fiscal years 2018 and 2019? O Question 13 The budget deficit in 2018 was $ billion. During Fiscal 2018 and Fiscal 2019, the national debt by $ billion . O Question 14 Question 15 decreased increased O Question 16 O Question 17 O Question 18 O Question 19 O Question 20The Fed thinks that an inflationary gap is emerging and takes actions to avoid its Price level (GDP price index, 2012 = 100) Question list K consequences 125- Potential GDP Draw a curve to show the change in initial aggregate demand following the actions of the Fed. Label the curve 120- ADO - E. AS O Question 14 Draw a curve to show the multiplier effect on aggregate demand that returns the 115 economy to a full-employment equilibrium. Label the curve AD, O Question 15 Draw a point at the full-employment quantity of real GDP and price level. ADO 110- O Question 16 105- O Question 17 100+ 19.8 19.9 20 20.1 20.2 20.3 20.4 Real GDP (trillions of 2012 dollars) >>> Draw only the objects specified in the question. O Question 18 O Question 19 O Question 20 O Question 21 O Question 22Question list 0 O 0 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Question 21 Question 22 I The graph shows the demand curve for reserves in the market for bank reserves. If the quantity of reserves supplied is $40 billion and the Fed wants to set the federal funds rate at 5 percent a year, does the Fed buy or sell securities in the open market? Does the Fed need to increase or decrease banks' reserves? If the quantity of reserves supplied is $40 billion and the Fed wants to set the federal funds rate at 5 percent a year, then the Fed securities in the open market. The Fed must banks' reserves by $20 billion. 0 A. buys; increase C) B. buys; decrease Q C. sells; decrease C) D. sells; increase Federal funds rate (percent per year) ,o RD 0 1O 20 30 40 50 60 70 80 Reserves on deposit at the Fed (billions of dollars)