Currently, the U.S. net national debt is almost 60 percent of GDP, but this percentage is smaller than that of many fiscally healthy countries
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Who among the following enjoys some form of property rights?
A) A common homebody B) A small business owner C) A bondholder D) A state senator E) All of the above.
A decrease in expected inflation will
A) increase the natural rate of unemployment. B) shift the short-run Phillips curve to the left. C) shift the long-run Phillips curve to the left. D) reduce real wages.
Which of the following would lead domestic investment to rise?
A) an increase in government spending throughout the world B) an increase in world taxes C) an increase in world autonomous consumption D) all of the above E) none of the above
Suppose you spent your entire budget on goods so that the marginal utility per dollar spent on each is identical. Which of the following is true? a. Your purchases are not efficient because there is no reason why you should buy the same quantity of each
b. You can increase your total utility by shifting income from low marginal utility generating goods to higher marginal utility generating ones. c. You will reduce your total utility if you allocate income in any other way. d. You are minimizing your marginal utility this way, which is what you want. e. You can avoid diminishing marginal utility.