Is the national debt a burden to future generations?
A. No, as long as foreigners own a significant share of the national debt.
B. No, as long as the national debt is owned purely by U.S. citizens.
C. Yes, debt is always a burden to future generations.
D. Yes, unless foreigners increase their share of the national debt.
Answer: B
Economics
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If a change in the tax laws leads to a $100 billion decrease in tax revenue, then aggregate demand
A) increases by $100 billion. B) increases by less than $100 billion. C) increases by more than $100 billion. D) decreases by $100 billion. E) decreases by more than $100 billion.
Economics
In Figure 5-1 above, the impact of automatic stabilization is depicted by the movement from
A) A to F. B) A to B. C) A to C. D) D to A.
Economics