It is important to distinguish between the privately held portion of the national debt and the portion held by government agencies and the Federal Reserve system because
a. the government will not have to repay the privately held debt.
b. only the privately held debt creates a net interest liability for the federal government.
c. the privately held debt does not create a net interest liability for the federal government.
d. taxes will have to be raised in order to pay the interest on the debt held by the Federal Reserve system.
B
Economics
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When quantity supplied is more than quantity demanded:
a. supply shock b. shortage c. excess supply d. disequilibrium e. search costs
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If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, how many workers are in the labor force?
A) 1 million B) 20 million C) 475 million D) 481 million
Economics