One mechanism through which increasing public debt may impact the economy is that the resulting
A) increased competition for funds increases interest rates and causes a reduction in investment.
B) increased competition for funds decreases interest rates and causes an increase in investment.
C) decreased competition for funds decreases interest rates and causes a reduction in investment.
D) decreased competition for funds decreases interest rates and causes an increase in investment.
A
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At a carnival roulette wheel, a player can either win $10, $30, or $80 . If it costs $50 to play, we would expect to see
a. A long line of players waiting to play b. No players for the game c. The carnival losing money per play d. All of the above
More than 70 percent of national income can be attributed to:
a. compensation of employees. b. rental income. c. corporate profit. d. net interest. e. proprietors' income.