The national debt is ________ of federal budget deficits
a. an annual flow
b. the net accumulation
c. the inverse
d. operating budget minus the capital budget portion
b
Economics
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Homogeneous goods are ________
A) perfect complements B) perfect substitutes C) similar but not identical D) always inferior
Economics
For this question, assume that individuals hold both currency and checkable deposits. The money multiplier is equal to
A) 1/c. B) 1/[c + ?(1 - c)]. C) [c + ?(1 - c)]. D) 1/?. E) 1/(1-c)
Economics