The national debt is
a. the difference between a nation's exports and imports of goods and services.
b. the sum of the personal debt of all citizens in the United States.
c. the cumulative effect of all past budget deficits and surpluses of the federal government.
d. equal to the current size of the budget deficit.
C
Economics
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A bank run __________ possibly mushroom into a bank panic because the quality of a bank's portfolio of loans __________ made public information by bank examining agencies
A) can; is B) can; is not C) cannot; is D) cannot; is not
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According to the quantity theory of money, the quantity of money determines the
a. interest rate. b. level of real output. c. price level. d. level of employment.
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