The ratio of the debt to GDP is a measure of the burden the debt places on the economy.
Answer the following statement true (T) or false (F)
True
The debt to GDP ratio measures the burden of deficit financing over time.
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Nominal GDP, PY, is $7.5 trillion. The quantity of money is $3 trillion. The velocity of circulation is
A) 22.5. B) 10.5. C) 2.5. D) 3.
Economists place cartels among the least-desirable forms of market organization
a. True b. False Indicate whether the statement is true or false
Under the current structure of Medicare, economic theory indicates that the movement of the baby boom generation into the retirement phase of life will
a. reduce the share of healthcare services paid for by a third party. b. push both healthcare prices and expenditures upward. c. increase the incentive of suppliers to provide healthcare services at a low cost. d. increase the incentive of consumers to economize on their use of healthcare.
How does affirmative action laws affect policing? Do they improve policing?
What will be an ideal response?