If the national debt is growing no faster than GDP,
a. the government will have to raise taxes
b. the nation's standard of living will fall
c. government investment spending will be negative
d. the government can pay interest on the debt without having to raise taxes
e. the government will be unable to pay interest on the debt
D
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Which of the following statements is true?
A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation. D) Correlation arises when there is causation and can also arise even when there is no causation.
Blank DVDs and prerecorded DVDs are substitutes in production. An increase in the price of a blank DVD will lead to
A) an increase in the supply of prerecorded DVDs. B) a decrease in the supply of prerecorded DVDs. C) an increase in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs. D) a decrease in the quantity supplied of prerecorded DVDs but not in the supply of prerecorded DVDs.