The national debt
A) is the difference between total government revenues and government expenditures.
B) is the sum of all past federal deficits plus any surpluses.
C) is the sum of all past federal deficits less any surpluses.
D) grows when government spending increases.
Ans: C) is the sum of all past federal deficits less any surpluses.
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A) only the number of people employed. B) discouraged workers. C) only the number of people unemployed. D) both employed and unemployed workers.
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What will be an ideal response?
The growth rate of real GDP in Astoria is 7.5%. Assume the growth rate of velocity is constant at a rate of 5%
If Astoria wishes to decrease the inflation rate from the annual rate of 5.99% to a target rate of 4.5% and maintain its current growth rate of real GDP, what will the growth rate of the money supply need to be? A) 6.49%. B) 7%. C) 8%. D) 8.49%.