Public debt promotes overconsumption if
a. foreigners hold the debt
b. people fail to regard bonds as their personal assets
c. people view the government's liabilities as their own
d. the Federal Reserve buys bonds
e. people regard their bond holdings as part of their savings
E
Economics
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In a perfectly competitive industry, an individual firm faces
A) a perfectly inelastic labor supply curve. B) a perfectly vertical labor supply curve. C) a perfectly elastic labor supply curve. D) none of the above.
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Which of the following is correct?
a. Typically more than one-third of the unemployed are new entrants into the job market. b. Most spells of unemployment are short. c. Most unemployment observed at any time is long term. d. All of the above are correct.
Economics