Debt service refers to
a. repayment of principal on the debt
b. repayment of interest on the debt
c. repayment of principle and interest on the debt
d. banks' offers to lend
e. none of the above
C
Economics
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Suppose consumers save 17 percent of their incomes. If the government collects 10 dollar in taxes from each taxpayer and invested it in infrastructure, total social investment will ________ per taxpayer
A) decrease by $1.70 B) increase by $10.17 C) decrease by $8.30 D) increase by $8.30
Economics
If the Fed wants to maintain a dollar exchange rate of 1.20 euros per dollar but the exchange rate rises, then in the short run the Fed can
A) buy dollars and buy euros. B) do nothing. C) sell dollars and sell euros. D) buy dollars and sell euros. E) sell dollars and buy euros.
Economics