Interest payments in the United States increased during the 1980s because of:
a. growing federal deficits
b. a low tax rate.
c. growing budget surpluses.
d. a fall in government expenditure.
e. an increase in national savings.
a
Economics
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A factor that turned out to be a weakness of the classical theory of growth is its
A) emphasis on saving and investment. B) assumption that the growth rate of the population increases when income increases. C) reliance on constant growth in technology. D) neglect of the subsistence real wage.
Economics
If the nominal interest rate is 2 percent and the real interest rate is 1 percent, inflation is:
A. 0 percent. B. 2 percent. C. ?1 percent. D. 1 percent.
Economics