The difference between the gross public debt and the net public debt is
A) the sum of all previously accumulated government budget deficits and surpluses.
B) the sum of all previously issued U.S. government securities that have been purchased by foreign residents.
C) all private-sector borrowing from private sources.
D) all government interagency borrowing.
D
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The natural unemployment rate is ________ unemployment rates
A) the sum of the turnover and cyclical B) the sum of the turnover and mismatch C) the sum of the structural and cyclical D) the sum of the structural, cyclical, and frictional E) the cyclical minus the mismatch
If a firm in a perfectly competitive industry is experiencing higher than normal returns, in the long-run
a. Some firms will leave the industry and price will rise b. Some firms will enter the industry and price will rise c. Some firms will leave the industry and price will fall d. Some firms will enter the industry and price will fall