The advantage of a nominal anchor is that it prevents a limitless rise in the
A) national debt.
B) nominal interest rate.
C) inflation rate.
D) unemployment rate.
C
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The federal government debt ________ when the federal government runs a deficit and ________ when the federal government runs a surplus
A) increases; increases B) decreases; decreases C) increases; decreases D) decreases; increases
When you add payroll taxes and Medicare, the tax system becomes more progressive than when we solely consider the federal income tax
a. True b. False Indicate whether the statement is true or false
Most macroeconomic variables that measure some type of income, spending, or production fluctuate closely together
a. True b. False Indicate whether the statement is true or false
"Classical economist" is often used interchangeably with which term?
A. Marxian economist B. Activist economist C. Laissez-faire economist D. Keynesian economist