Gross public debt is the amount of funds that
A) U.S. residents owe to foreign residents.
B) the federal government owes to all holders of U.S. securities.
C) the federal government owes to taxpayers.
D) states owe to the federal government.
B
Economics
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The productivity curve
A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal. E) is U-shaped.
Economics
John Maynard Keynes disagreed with the classical economists because he believed that
A) wages and prices adjust slowly. B) international trade plays a major role in the macroeconomy. C) government intervention in the economy cannot reduce business cycles. D) unemployment will be eliminated quickly by the invisible hand of the market.
Economics