The only way to reduce the national debt is to run budget surpluses.
Answer the following statement true (T) or false (F)
True
Whenever there's a budget deficit, the national debt increases. On the other hand, the debt would decrease if the federal government ran a budget surplus.
Economics
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Over the last 50 years, how has
a. the labor force participation rate changed? b. the men's and women's labor force participation rates changed?
Economics
An inflationary gap can be closed with
A) using an expansionary monetary policy. B) using a policy action such as a reduction in taxes. C) using a policy action such as a reduction in government purchases. D) imposing price controls to prevent prices from rising.
Economics