A chart of the ratio of national debt to GDP from 1915 to 2014 would show
a. significant increases from 1945 to 1975.
b. significant increases during World Wars I and II.
c. a larger value in 1975 compared to 1945.
d. significant increases from 1995 to 2003.
b
You might also like to view...
In terms of total sales, the dominant form of business firm in the U.S. economy is the
a. corporation b. sole proprietorship c. partnership d. nonprofit organization e. limited partnership corporation
The rate at which a consumer is willing to trade one good for another to maintain the same level of satisfaction is affected by the
a. prices of the products. b. amount of each good the consumer is currently consuming. c. consumer's income. d. marginal value product.
Which of the following statements is not correct?
a. If GDP is rising faster than debt, the government is, in some sense, living within its means. b. The ratio of debt to GDP in the United States has always been less than one. c. Debts during wars may distribute the burden of fighting the war more evenly across generations. d. During times of peace in the United States, the ratio of debt to GDP sometimes rose.
If banks and speculators in the U.S. decided to exchange U.S. dollars for the foreign currencies of other countries, but foreigners do not desire to increase their holdings of U.S. dollars, then U.S. net exports would
a. rise and aggregate demand would shift left. b. rise and aggregate demand would shift right. c. fall and aggregate demand would shift left. d. fall and aggregate demand would shift right.