The most likely way the public debt burdens future generations, if at all, is by:
A. reducing the current level of investment.
B. causing future unemployment.
C. causing deflation.
D. reducing real interest rates.
A. reducing the current level of investment.
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Summarize the impacts of prices ceilings and price floors on the free market
What will be an ideal response?
When a firm is hiring an input such that the marginal revenue product of the input is equal to the marginal factor cost of the input, the firm
A) should be expanding output. B) is hiring too little of the input. C) is maximizing economic profit. D) is producing too much output.
Going to college to get more knowledge and skills is considered to be an increase in
A. net exports. B. human capital. C. physical capital. D. consumption.
Suppose the U.S. price level rose at the same time the Mexican price level remained constant. Which of the following would occur?
a. The demand for pesos would increase. b. The supply of pesos would decrease. c. The supply of pesos would increase. d. The demand for pesos would decrease. e. The supply of pesos would stay constant.