Based on this graph, national debt reached the highest percentage of GDP ______.
a. during the Great Depression
b. before World War I
c. after World War II
d. during the Recession of 2008–2009
c. after World War II
You might also like to view...
What is the main argument which explains why an increased public deficit financed tax cut may not result in increased consumption?
A) People will increase savings to "finance" debt repayment by future generations. B) People will increase consumption to "finance" debt repayment by future generations. C) Savings is determined by uncertain events, the timing of future illnesses and death. D) Savings is determined by certain events, the timing of future illnesses and death.
According to Malthus, how do economic growth and population relate to each other?
If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15, how much can the bank lend out?
a. $2,000 b. $1,700 c. $300 d. $150 e. $2,300
Which of the following would not interfere with market equilibria?
a. a minimum wage b. a rent control c. a non-binding price floor d. a binding price ceiling