Which of the following is a valid concern about federal budget deficits?
A. The welfare of future generations will be directly related to the per-capita size of the national debt that they inherit.
B. Growth of the national debt will eventually lead to the bankruptcy of the government.
C. When the debt comes due, future generations may be unable to pay it off.
D. If the increases in the national debt reduce private expenditures on capital formation, aggregate demand is reduced.
Answer: D
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If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________
A) a current account surplus B) a current account deficit C) a capital and financial account surplus D) an official settlements account surplus
The largest component of the M1 definition of the money supply is:
a. traveler's checks. b. savings accounts. c. money market accounts. d. checkable deposits
The third phase of the industrial revolution was largely based on the development of the following products: ____________________________________________.
Fill in the blank(s) with the appropriate word(s).
Much of the U.S. debt is held internally.
Answer the following statement true (T) or false (F)