Which of the following is a condition that most people would NOT expect the safety net of the government to provide for?

If there is a national debt, we can conclude that the federal government has

A) borrowed in the past. B) purchased more goods and services than were needed. C) spent money foolishly. D) loaned funds to U.S. taxpayers in the past. E) loaned funds to other nations in the past.

When real GDP increases, people demand

A) the same quantity of real money. B) less real money. C) more real money. D) more money in nominal terms but less in real terms.