Which of the following is not true with regard to the burden of the U.S. national debt?
a. The debt does burden future generations to the extent that it is sold to foreigners.
b. Budget deficits are not appropriate for stabilization purposes under any circumstances.
c. The debt will reduce the nation's capital stock if incurred during a fully employed economy.
d. The large deficits of the 1980s and early 2000 were particularly worrisome because they were not attributable to recessions.
d
Economics
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Refer to Figure 7-5. If consumers paid the full price of medical services, the price they would pay is
A) $40. B) $55. C) $65. D) > $65.
Economics
A common response to stop a depreciation of a currency is to use contractionary monetary policy, which could lead to a recession
Indicate whether the statement is true or false
Economics