The federal debt is the
A. yearly federal tax revenues minus the yearly federal expenses.
B. amount towed to the federal government by other countries.
C. total amount owed to the public by the federal government.
D. same as the federal deficit.
Answer: C
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The great German hyperinflation during 1922-1923 can be attributed to the:
A) German government printing money to pay bills. B) absence of financial intermediaries in Germany. C) emergence of large number of monopolies in Germany. D) economic policy that restricted the import of goods into Germany.
Explain and show graphically the effect of an increase in the expected future exchange rate on the equilibrium exchange rate, everything else held constant
What will be an ideal response?
A person starting to drive more recklessly after signing a contract with an automobile insurance company is an example of
A) adverse selection. B) moral hazard. C) signaling. D) screening.
If there is bilateral currency trade between Japan and the U.S., then as the supply of U.S. dollars on the world foreign exchange market ________, the price of a dollar in terms of Japanese yen will ________
a. increases, fall b. decreases, fall c. increases, increases d. decreases, stays the same