The amount of funds the Social Security system has loaned the federal government is
A) excluded from the net public debt.
B) added to the gross public debt to calculate the net public debt.
C) included in the net public debt.
D) not included in the gross public debt.
A
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The chief economist of the country of Elbonia has predicted that the new policies adopted by the government will lead to higher economic growth accompanied by lower rates of inflation. The currency of Elbonia is expected to: a. weaken
b. appreciate. c. depreciate. d. devaluate.
When a monopoly increases its output and sales,
a. both the output effect and the price effect work to increase total revenue. b. the output effect works to increase total revenue, and the price effect works to decrease total revenue. c. the output effect works to decrease total revenue, and the price effect works to increase total revenue. d. both the output effect and the price effect work to decrease total revenue.