Government debt and interest payments on that debt
a. are problems if they grow faster than GDP
b. are unrelated in the short run
c. are unrelated in the long run, but not in the short run
d. generally grow faster than government spending
e. contributed to the crisis experienced by the U.S. economy in the late 1990s
A
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The Maastricht Treaty, signed in 1992, initiated:
A) European political integration. B) an economic and monetary union that featured a common currency. C) an alliance of nations who opposed environmental harms from trade. D) an agreement for free flow of labor and other resources across borders.
What will be the likely effect of an increase in the demand for American goods in the markets of Mexico on the demand for dollars and the exchange rate between dollars and pesos?
What will be an ideal response?