The national debt is a larger percentage of GDP now than at any time since 1900
Indicate whether the statement is true or false
false
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A monopoly will always sell rather than rent its product
Indicate whether the statement is true or false
The 1974-1975 recession was a result of a:
A) supply shock that caused a leftward shift of the LRAS curve B) supply shock that caused a leftward shift of the SRAS curve C) housing bubble collapse that caused a leftward shift of the aggregate demand curve
Which of the following examples would most likely happen in the short run?
a. A supermarket stays open all night because it covers its variable costs and part of its fixed costs. b. A restaurant stays open for breakfast even though it fails to cover its variable and fixed costs. c. A driving range stays open all night because it covers some variable costs and no fixed costs. d. A movie theater stays open for matinees even though it fails to cover any fixed costs.
Between 1999 and 2009, the U.S. federal budget deficit moved from a record surplus to a record deficit. Other things being equal, the most likely effect of this shift would be:
A. lower interest rates and increased investment. B. lower interest rates and decreased investment. C. higher interest rates and increased investment. D. higher interest rates and decreased investment.