If our deficit falls steadily over the next five years our national debt will
A. increase at an increasing rate.
B. increase at a decreasing rate.
C. decrease at an increasing rate.
D. decrease at a decreasing rate.
B. increase at a decreasing rate.
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What is the cost of production at the number of units where the company is indifferent between the two technologies?
a. $750 b. $850 c. $950 d. $1050
In the long run, all costs are fixed costs
a. True b. False Indicate whether the statement is true or false
Which of the following is true with regard to economic growth?
a. Real GDP could grow in a society at the same time that real per capita GDP did not b. For a given population, real GDP growth implies real per capital GDP growth. c. If the population grew at the same rate as real GDP, real per capita GDP would not change. d. All of the above are true.
The primary reason that U.S. money has value is that it
a. is backed by gold b. is fiat money c. is accepted by others in exchange for goods and services d. is commodity money e. has a fixed value established by the Federal Reserve.