In the early 1990s, economists became alarmed over the national debt because it
A. was larger than three months’ GDP.
B. was growing faster than GDP.
C. had reached twice the size of GDP.
D. was growing faster than private debt.
Answer: B
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Which of the following is true?
A. A stockholder owns part of the corporation. B. A stockholder has loaned money to the corporation. C. A stockholder is owed money by the corporation. D. A stockholder must be consulted on all major decisions.
If the Fed decreases the discount rate, what happens to reserves and the money supply?
a. Reserves increase and the money supply decreases. b. Both increase. c. Reserves decrease and the money supply increases. d. Both decrease.
Which of the following statements best represents the law of supply?
A) Price and quantity supplied are inversely related. B) Price and quantity supplied are directly related. C) Price and quantity supplied are inversely related, ceteris paribus. D) Price and quantity supplied are directly related, ceteris paribus. E) Price and supply are directly related, ceteris paribus.
Households are generally buyers in the markets for products and sellers in ________ markets.
A. goods B. service C. labor D. natural resource