Raising the required reserve ratio __________ the simple deposit multiplier which will __________ the economy's money supply

The national debt is the:

a. difference between a nation's exports and imports of goods and services. b. sum of the personal debt of all citizens in the United States. c. indebtedness of the federal government in the form of outstanding interest-earning government security. d. sum of the net personal debts of Americans to foreigners.

The government's budget accounts for about 80 percent of GDP in the United States

a. True b. False Indicate whether the statement is true or false