An IOU that promises to pay a certain amount at maturity, and also to pay periodic fixed amounts until that date, is called a(n)

For the capital stock of the economy to remain constant over time the amount of investment:

A) must exceed the depreciated value of capital stock. B) must be less than the depreciated value of capital stock. C) must be equal to the depreciated value of capital stock times the savings rate of the economy. D) must be equal to the depreciated value of capital stock.

Because of the recessions in 1983 and 1991, the structural deficit was far larger than the actual deficit in those years

a. True b. False Indicate whether the statement is true or false