Which of the following is true concerning the national debt?
a. It equals the budget deficit.
b. When the budget deficit is declining, the national debt will fall.
c. A budget deficit will reduce the national debt.
d. A budget surplus will reduce the national debt.
D
Economics
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The equation of exchange
A) is MV = PY. B) becomes the quantity theory if velocity and the price level are constant. C) cannot be used in an economy with inflation. D) All of the above answers are correct.
Economics
Which of the following is FALSE regarding a monopsonist?
A) The monopsonist is the only buyer in a market. B) The monopsonist faces an upward sloping labor supply curve. C) The monopsonist faces an upward sloping labor demand curve. D) The monopsonist faces the entire market labor supply curve.
Economics