If the national debt is strictly an internal debt, then
a. the amount of the debt places a burden on the generation that repays the debt
b. the amount of taxes used to pay the interest on the debt equals the interest payments to the bond holders, and there is no national debt burden
c. the amount of taxes used to pay the interest on the debt equals the interest payments to the bond holders creating a national interest-created debt burden
d. the amount of the debt places a burden on the generation when the debt is incurred because it reduces the amount of consumption
e. the amount of taxes used to pay the debt is paid by future generations, which shifts the burden of the debt from the present to the future generation
B
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In the example of the peg between Britain and Germany, what would have been the case if Britain had adhered to the pegged exchange rate?
A) It would not have had the option of raising its own rate. B) It would have been able to inflate its currency to keep output stable. C) It would not have been able to inflate its currency to keep output stable. D) It would have had to raise taxes and balance its budget.
Each month the CPI is calculated by
A) recording the new prices and making no other calculation. B) multiplying the current cost of the CPI market basket by the base period cost and then dividing by 100. C) subtracting the base period cost of the CPI market basket from the current cost and then dividing by 100. D) dividing the current cost of the CPI market basket by the base period cost and then multiplying by 100. E) subtracting the current period cost of the CPI market basket from the base period cost and then multiplying by 100.