A . How does our ratio of public debt to GDP compare with other democratic market-economy countries' ratios? b. Does this indicate whether or not our debt ratio is a problem? Explain
a . Our ratio of debt to GDP is similar to those of other democratic market economies.
b. This doesn't necessarily mean that our debt ratio is not a problem. Perhaps all of these countries have
debt problems, too. But it suggests that we are not out of line and we are probably not doing something
wrong.
You might also like to view...
High inflation helps people store wealth over time, which helps them to be able to smooth out their consumption over their lifetimes
Indicate whether the statement is true or false
Hubert's Copy Services is in perfect competition. Hubert currently charges 10 cents per page, which is the going market price. He thinks that he can increase his profit by raising the price. Is it possible? Why or why not?
What will be an ideal response?
Suppose when the price of hybrid automobiles rises, consumers buy fewer hybrid automobiles. This implies that
A) there is a direct relationship between hybrid automobile prices and quantities purchased by consumers. B) there is a one-to-one relationship between hybrid automobile prices and quantities purchased by consumers. C) there is a positive relationship between hybrid automobile prices and quantities purchased by consumers. D) there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.
Monetarists argue that government actions, particularly monetary policy, worsens the negative aspects of the business cycle
a. True b. False Indicate whether the statement is true or false