The burden of debt is borne by future generations.
A. True
B. False
C. Uncertain
C. Uncertain
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According to Keynes, in deciding whether to increase or decrease planned investment, businesses will be guided primarily by
a. the rate of interest. b. past profits. c. the size of government spending. d. expected profits.
According to the Clayton Act,
a. lawyers are given an incentive to reduce the number of cases involving cooperative arrangements. b. individuals can sue to recover damages from illegal cooperative agreements. c. the government was able to incarcerate the CEO of a firm for illegal pricing arrangements. d. private lawsuits are discouraged.
Which of the following is a possible government objective?
a) High borrowing costs b) Low income per person c) Lower employment d) Lower inflation
Suppose there is an increase in the saving rate. This increase in the saving rate must cause an increase in consumption per capita in the long run when
A) capital per worker approaches the golden-rule level of capital per worker. B) the saving is used for education rather than physical capital. C) the rate of saving exceeds the rate of depreciation. D) there is no technological progress. E) technological progress depends on human capital.