After 1945, the national debt as a percent of GDP:
a. decreased slightly.
b. decreased substantially.
c. remained about the same.
d. increased slightly.
e. increased substantially.
b
Economics
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Starting from equilibrium and using the ISLM framework, an increase in investment leads to
A) lower interest rates and higher income. B) higher interest rates and higher income. C) lower interest rates and lower income. D) higher interest rates and lower income.
Economics
Two variables that affect the slope of the aggregate demand curve are
a. government purchases and real taxes. b. tax rates and interest rates. c. government purchases and interest rates. d. exchange rates and income rates.
Economics