Which of the following is (are) correct? In the classical system, the suppliers of bonds were the
a. government which always sold bonds to finance a new project.
b. firms which financed all investment expenditures by selling bonds.
c. government which might sell bonds to finance spending in excess of tax revenues.
d. Both b and c.
D
Economics
You might also like to view...
Why hasn't the U.S. ratified the Kyoto Protocol?
a. It views the agreement as not merely flawed or incomplete, but actually harmful. b. It fears the economic consequences of reducing fossil fuel use. c. It does not consider the environment a major priority. d. Its leaders and politicians overwhelmingly believe global warming is not a real threat.
Economics
An increase in interest rates by the Federal Reserve is an example of ________ policy.
A. monetary B. structural C. aggregation D. fiscal
Economics