The public debt is the
a. amount of money the public in general has borrowed
b. amount of money owed the U.S. government from loans made during World War II
c. total amount of interest-bearing IOUs of the federal government held by individuals, businesses, other government agencies, and the Federal Reserve
d. total amount of interest-bearing IOUs held by every sector of the society except government agencies
e. total amount of interest-bearing IOUs held only by government agencies
C
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The process of transferring Federal Reserve deposits among banks as paid checks is called
A. savings. B. check clearing. C. lending D. reconciliation.
The median voter model predicts that most successful candidates will choose positions ______.
a. near the extremes of issues b. near the center of issues c. slightly more radical than their opponents d. on the basis of conviction more than popularity
Which of the following is a set of rules outlining when tariffs are appropriate and when they are not?
A. USSR B. GATT C. WTO D. NAFTA
The short-run is a period of less than one year.
Answer the following statement true (T) or false (F)