According to the "Rule of 70," it will take 4 years for real GDP per capita to double when the growth rate of real GDP per capita is

Marketable debt from the U.S. government in the form of bonds, notes, and bills is known as

a. monetized debt b. crowding out c. derivatives d. Treasury securities e. external debt

A tax has an excess burden whenever

a. people are unable to alter their behavior to avoid paying it. b. government seeks to raise it. c. it raises a great deal of revenue. d. it induces people to change their behavior.