If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down.
A. surplus, lower
B. deficit, raise
C. surplus, raise
D. deficit, lower
Answer: B
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Which of the following is the best example of an oligopolistic industry?
A) public education B) the beef market C) the beauty products industry D) the pharmaceutical industry
The formula to compute the spending multiplier is:
a. 1 / (MPC + MPS). b. 1 / (1 ? MPC). c. 1 / (1 ? MPS). d. 1 / (C + I).
A nation's country-risk premium can be divided into two major parts:
a. Market risk premium and foreign exchange risk premium. b. Market risk premium and credit risk premium. c. Market risk and expected inflation premium d. Market risk premium and political/social risk premium.
In the 1970s, the U.S. relied on Command-and-Control models of pollution regulation.
A. True B. False C. Uncertain