The burden of the internal portion of the debt is incurred

A. Solely by the U.S. government.
B. When the debt comes due.
C. When the debt-financed activity takes place.
D. None of the choices are correct.


Answer: C

Economics

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The phrases "once in, always in" and "once in, always grows" aptly describe a criticism of the Keynesian policy prescription for

a. the self-correcting nature of the economy b. moderating aggregate output c. closing a recessionary gap with government spending d. the balanced budget multiplier e. closing an inflationary gap

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The coordination task of dividing products among consumers is a problem of

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If the exchange rate is 2 Brazilian reals per dollar and a meal in Rio costs 20 reals, then how many dollars does it take to buy a meal in Rio?

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Economics