Spending on new goods and services out of a household's current income is

Laws and courts tend to make markets work ________ and make society ________

A) less effectively; poorer B) less effectively; richer C) more effectively; poorer D) more effectively; richer

Sovereign debt crisis, a short-run phenomenon, may lead to the long-run consequence of debt ________

A) intolerance B) distortion C) seignorage D) repudiation