The national debt is the:
a. difference between a nation's exports and imports of goods and services.
b. sum of the personal debt of all citizens in the United States.
c. indebtedness of the federal government in the form of outstanding interest-earning government security.
d. sum of the net personal debts of Americans to foreigners.
c
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The person least likely to receive a payment from a corporation in a year of losses is the
A) bank that loaned money to the corporation. B) bondholder. C) preferred stockholder. D) common stockholder.
Other things equal, an increase in the productivity of capital goods will:
A. increase the demand for loanable funds and decrease the equilibrium interest rate. B. increase the demand for loanable funds and increase the equilibrium interest rate. C. increase the supply of loanable funds and decrease the equilibrium interest rate. D. increase the supply of loanable funds and increase the equilibrium interest rate.