One important reason why the United States government is not likely to go bankrupt even with a large public debt is that it has:
A. The power to print money to finance the debt
B. A strong military to protect it from creditors
C. The capacity to pay off its outstanding debt with gold
D. The ability to decrease interest rates and increase investment spending
A. The power to print money to finance the debt
Economics
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The World Bank specializes in making loans to
A) industrialized nations. B) communist nations. C) developing nations. D) African nations.
Economics
Which of the following increases U.S. aggregate demand?
a. a lower price level, increasing citizen's real wealth b. a lower price level, reducing interest rates c. a lower price level, increasing exports and decreasing imports d. None of the above
Economics