Why is the ownership of the public debt an important issue?
What will be an ideal response?
There are two important possibilities here: (1) If the debt is held primarily by the wealthy in our society, then the interest payment on the debt contributes to income inequality as taxpayers pay the interest to those wealthy bondholders; and (2) If the debt is held substantially by those outside the country, then the interest payment on the debt represents a drain of resources from this country to others and there is a dependence on these lenders that may restrict U.S. independence.
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Which is NOT a factor that influences that favorableness of a leader?
a. leader-member relations b. task structure c. leader position power d. charisma level
If Country A's has an overall balance surplus, then the:
a. Central bank must not be intervening in the foreign exchange market. b. Government has to be running a budget deficit. c. Effect is to cause the monetary base to rise. d. Effect is to cause the monetary base to fall. e. Financial account must be in deficit.