Bonds sales to finance World War II (1941–45)
(a) helped finance the government's current budget deficits.
(b) helped finance, manage and eventually pay down the private debts accumulated during
World War I (1914–18).
(c) were loans the U.S. government made to individuals in its private sector.
(d) led to higher interest rates and decreased private spending and investment.
(a)
Economics
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Would a profit-maximizing firm sell where demand is inelastic?
A. No, this would not follow the rule of MC = MR. B. No, the firm could not profitably raise price. C. Yes, the firm could profitably lower price to attract sales. D. Yes, in this case there are few substitutes for the good.
Economics
Gross domestic product is
What will be an ideal response?
Economics