Which of the following statements is incorrect?
a. Budget deficits raise the national debt.
b. The concepts of deficit and debt are closely related.
c. Getting rid of the deficit eliminates accumulated debt.
d. Budget surpluses lower the national debt.
c
Economics
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If the nominal interest rate is 6% and the inflation rate is 9%, then the real interest rate is
A) -3%. B) 3%. C) 6.67%. D) 15%.
Economics
Based on the graph showing rational expectations and the AD/AS model, how do shifts in the short-run aggregate supply and aggregate demand curves influence RGDP?
a. Since both curves move to the left, RGDP decreases.
b. Since both curves move to the right, RGDP increases.
c. Since the curves move equally in opposite directions, RGDP does not change.
d. Since both curves become vertical, RGDP becomes zero.
Economics