What does it mean for the government to "roll over" its debt?
a. Buying bonds from the public to pay off old bonds
b. Continuing to pay interest on old bonds
c. Issuing new bonds to pay off old bonds
d. Running a budget surplus to pay off old bonds
e. Printing money to pay off old bonds
C
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The major objective of the Federal Reserve System is to: a. make substantial profits for its member banks
b. help in generating stabilization policies for the economy. c. distribute paper money and coins to banks and retail stores. d. prevent closure (failure) of individual member banks.
Compared with the market clearing price of a health care service covered by Medicare, the Medicare program pays a ________ price to health care providers and charges a ________ price to consumers
A) lower, lower B) lower, higher C) higher, lower D) higher, higher