Externally held debt refers to that part of the national debt owned by private individuals, and internally held debt refers to that part owned by government agencies.
Answer the following statement true (T) or false (F)
False
Internal debt is U.S. government debt held by U.S. households and institutions, whereas external debt is debt held by foreign households and institutions.
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If real GDP is ________ than potential GDP, employment is ________ than its full-employment level and the unemployment rate rises ________ the natural unemployment rate
A) less; more; above B) more; more; above C) more; less; above D) less; less; below E) less; less; above
The primary rationale for antitrust policy is mistrust and an expectation of foul play
Indicate whether the statement is true or false
If price falls from $100 to $99 and quantity demanded rises from 2 to 3, the price elasticity of demand is
A. 0.03. B. 1.75. C. 25.7. D. 39.8.
Reasons for the growing income inequality in the United States since 1975 include the following, except:
A. A shift in labor demand toward highly-skilled and better-educated workers B. The entrance of larger numbers of less-experienced less-skilled workers into the workforce C. An increase in the number of households headed by single or divorced women D. The decline of unionism in the U.S. workforce