If the national debt is owed to foreigners,
a. the debt constitutes a burden to domestic citizens.
b. economic growth will necessarily be higher than if the debt were owed to domestic citizens.
c. paying off the debt will involve a transfer of resources within the country.
d. future interest payments on the debt are not a burden to the nation.
a
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What would not be held constant in testing a theory that if a student studies harder, he will get a better grade? a. The course being taken
b. The ability and effort of the other students in the class. c. The grading scale in the course. d. The number of hours the student spends studying.
If the Federal Open Market Committee decides to expand the money supply, then it will
a. raise the discount rate to member banks. b. issue directions to purchase government securities, thus putting more reserves in member banks. c. issue directions to sell government securities, thus taking reserves from member banks. d. order new Federal Reserve notes delivered to member banks.