During the 1950s and 1960s, the national debt as a percent of GDP in the United States

a. soared to an all-time high.
b. declined.
c. increased.
d. was virtually unchanged.

B

Economics

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Some economists and policymakers who are in favor of government-provided health care believe that providing health care will

A) create negative externalities. B) generate more adverse selection. C) reduce asymmetric information. D) generate additional moral hazard.

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Consumption spending comprises what percentage of total spending?

A) 0.7 percent B) 7 percent C) 70 percent D) 700 percent

Economics