If the federal government were to run a budget deficit, this would:
a. increase the size of the national debt.
b. reduce the size of the national debt.
c. leave the size of the national debt unchanged.
d. increase the national debt only if the government also expands the supply of money.
a
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According to the 2005 UNDP Human Development Report child mortality (under age 5) has declined in all regions of the world except:
(a) South Asia (b) Sub-Saharan Africa (c) Middle East and North Africa (d) None of the above
As a person's wealth increases, which of the following portfolio holdings is likely to increase the least?
A) checking account B) stocks C) money market fund D) bonds
Investment is equal to all purchases of newly produced capital goods
A) minus changes in business inventories. B) plus fixed investment minus inventory investment. C) plus changes in business inventories. D) plus changes in business inventories plus purchases of new residential housing.
A special interest issue is one that:
a. provides large private benefits and large social benefits
b. provides small private benefits and large social benefits.
c. provides large benefits to each of a small number of people and small costs to each of a large number of people.
d. provides small benefits to each of a small number of people and large costs to each of a large number of people.