U.S. educational achievements ________
A) began to stagnate in the 1970s
B) have always fallen behind our European and Asian counterparts
C) have not had a measurable effect on U.S. growth rates
D) have not been duplicated outside the U.S.
A
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Refunding the debt refers to
a. selling new bonds to raise money to pay off maturing bonds. b. raising taxes to lower the national debt ceiling. c. raising the debt ceiling to allow the government to issue more debt. d. Fed purchases of government bonds in the open market.
Economic growth solves the problem of scarcity
a. True b. False Indicate whether the statement is true or false
If the increase in government spending is $200 and the multiplier is 2.5, then the change in real gross domestic product will be _____
a. $200 b. $300 c. $500 d. $700
Firms operating in perfectly competitive markets try to maximize profits
a. True b. False Indicate whether the statement is true or false