A chart of the ratio of national debt to GDP from 1915 to 2014 would show
A. significant increases from 1945 to 1975.
B. significant increases during World Wars I and II.
C. a larger value in 1975 compared to 1945.
D. significant increases from 1995 to 2003.
Answer: B
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Suppose that one-year Treasury bills yield 6 percent in the United States and 4 percent in Britain. Investors will be indifferent between them if they expect the dollar to
A) depreciate against the pound by approximately 2 percent. B) appreciate against the pound by approximately 2 percent. C) depreciate against the pound by approximately 33 percent. D) appreciate against the pound by approximately 33 percent.
If the U.S. dollar depreciates relative to the Russian ruble, the ruble:
A. will be less expensive to Americans. B. may either appreciate or depreciate relative to the dollar. C. will appreciate relative to the dollar. D. will depreciate relative to the dollar.