Most of the U.S. national debt is owed to ____. Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of ____.

If the demand curve is a downward sloping straight line, the price elasticity of demand always

A) increases as the demand curve shifts rightward. B) increases as the demand curve shifts leftward. C) increases with movements upward along the demand curve. D) decreases with movements upward along the demand curve.

High unemployment is undesirable because it

A) results in a loss of output. B) always increases inflation. C) always increases interest rates. D) reduces idle resources.