Which of the following is not a potential problem associated with government debt?
a. redistribution of income
b. promotes underconsumption
c. creates inflation
d. promotes undersaving
e. leads to less private investment
B
Economics
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Assume that $1 equals 100 yen (¥). A Japanese visitor to the United States wants to pay her $400 hotel bill. How many yen should she exchange in order to have enough dollars to pay the bill?
A) ¥4 B) ¥40 C) ¥4,000 D) ¥40,000
Economics
A pure monopoly can sell 20 toys per day for $8 each. To sell 21 toys per day, the price must be cut to $7. The marginal revenue of the 21st toy is
A. -$13. B. +$21. C. +$7. D. -$10.
Economics