Which of the following owns the largest portion of the U.S. national debt?
A. State and local governments.
B. The federal government.
C. Foreigners.
D. The private sector.
Answer: B
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_______losing bidders lead to _____winning bids
a. Stronger; raise b. Weaker; reduce c. Stronger; raise d. None of the above
The U.S. fiscal stimulus in 2009 did not increase GDP substantially because
a. the Federal Reserve was decreasing interest rates and real world estimates for the multiplier might be less than one. b. the Federal Reserve was increasing interest rates and real world estimates for the multiplier might be less than one. c. state governments were decreasing spending and real world estimates for the multiplier might be less than one. d. state governments were increasing spending and real world estimates for the multiplier might be less than one.