The sharp rise in the debt-to-GDP ratio in 2008-2009
a. was exclusively automatic due to the effect of declining income on government outlays and tax revenues.
b. was exclusively due to an aggressive fiscal policy.
c. was exclusively due to military expenditures.
d. was partly automatic due to the effect of declining income on government outlays and tax revenues, and partly due to an aggressive fiscal policy.
e. was exclusively due to foreign aid expenditures.
D
Economics
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Refer to Figure 4.2. How many Nash equilibria exist in this game?
A) 0 B) 1 C) 2 D) 3
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Capital flight increases a country's interest rate. This increase in the interest rate makes net capital outflow lower than it would be had the interest rate stayed the same
a. True b. False Indicate whether the statement is true or false
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