"Rolling over" the debt means
a. to repay old bonds that come due for payment by issuing new bonds.
b. to repay old bonds that come due by printing money.
c. dividing the tax burden of the debt across the fifty states based on their share of the population.
d. dividing the tax burden of the debt across the fifty states based on their share of economic activity.
e. to repay old bonds that come due by giving gold to the bondholders from the national gold depository in Fort Knox..
A
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Other things equal. an open market purchase of government securities by the Fed will not result in which of the following?
a. increased bond prices b. a reduced volume of loans issued by the commercial banking system c. decreased interest rates d. an increase in the price level
In 1820 the country with the highest per capita GDP was ______________________. In 1900 the country that ranked #1 in terms of per capita GDP was ___________________ and fifty years later the top ranking was held by _________________________
A) the Netherlands; New Zealand; the United States. B) the Netherlands; Australia; Switzerland. C) the United States; the United States; the United States. D) Austria; Australia; New Zealand.