Net public debt is equal to
A) the gross public debt minus current year tax revenue collection.
B) the gross public debt minus taxes paid by foreign corporations on their profits made in the United States.
C) the gross public debt plus all governmental interagency borrowing.
D) the gross public debt minus all governmental interagency borrowing.
D
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Provisions that cause changes in government spending and taxes that do not require action of the President or Congress are called
A) discretionary fiscal policy. B) automatic stabilizers. C) private stabilization effects. D) discretionary stabilizers.
The coefficients of the VAR are estimated by
A) using a simultaneous estimation method such as TSLS. B) maximum likelihood. C) panel methods. D) estimating each of the equations by OLS.