Suppose the government borrows to purchase military ammunition which is immediately used up in target practice. The rate of return on this investment is ________, and in this case the government debt ________ a burden on future taxpayers
A) r, is not
B) r, is
C) 0, is not
D) -r, is not
E) -r, is
E
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Farmers receive a relative large amount of transfers per capita because _____
a. farming is in decline b. there are more farmers than any other interest group c. agriculture is a national priority d. farming is the dominant industry in most rural Congressional districts
In the twentieth century, fluctuations in real GDP were
a. less severe during the last 50 years than was true during the first half of the century. b. virtually eliminated as the result of the countercyclical application of fiscal policy. c. more severe during the last 50 years than was true during the first half of the century. d. primarily the result of a fiscal policy that has persistently balanced the federal budget.