If the U.S. government repaid its multitrillion debt by printing (i.e., creating) new money, the effect would be to:
a. Lower nominal interest rates.
b. Increase aggregate demand, reduce unemployment, and reduce the nation's price level.
c. Increase the real risk-free interest rate.
d. Wildly inflate prices.
.D
Economics
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"Reducing taxes increases incentives to work and save.". This view is typically associated with
a. Keynesian economics. b."Reagonomics.". c. Johnson's "Great Society" policies. d. the Carter administration.
Economics
Economies of scale are also known as
a. Increasing returns to scale b. Decreasing returns to scale c. Constant returns to scale d. None of the above
Economics