Although the government incurred sizable deficits for most of the past 25 years, it has managed to stay solvent by borrowing
Indicate whether the statement is true or false
T
You might also like to view...
Refer to Figure 13-13. What is the output price?
A) P4 B) P3 C) P2 D) P1
When I purchase a corporate ________, I am lending the corporation funds for a specific time. When I purchase a corporation's ________, I become an owner in the corporation
A) bond; stock B) stock; bond C) stock; debt security D) bond; debt security
Total production
A) always equals total expenditures. B) equals total expenditures in equilibrium. C) is always greater than total expenditures. D) is always less than total expenditures.
Suppose actual investment is greater than planned investment at the current level of output in a given year. Given this information, we know that
A. saving must be equal to planned investment in that year. B. firms' stock of inventories must have increased unexpectedly in that year. C. saving must be less than planned investment in that year. D. GDP will tend to increase over time.