Paying off the national debt would redistribute income from the
a. debt holders to the taxpayers.
b. taxpayers to the major recipients of transfer payments.
c. banks to the taxpayers.
d. taxpayers to the debt holders.
d. taxpayers to the debt holders.
Economics
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As the central bank, the Federal Reserve System provides banking services to
A) banks and regulates financial institutions and markets. B) foreign corporations and determines the exchange rate. C) the government and the stock market. D) individuals and controls the quantity of money. E) banks and determines how much the U.S. government will borrow.
Economics
Refer to Figure 24-1. Ceteris paribus, an increase in the price level would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Economics