Which of the following statements about the national debt has the most validity?
a. Our large national debt can bankrupt the nation.
b. If only Americans hold the debt, then payments of interest and principal are simply transfers from some Americans to other Americans.
c. Our large national debt can lead to subjection by the people (especially foreigners) who hold the debt.
d. The national debt represents a burden to future generations who will have to make huge payments of interest and principal.
b
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A condition in a market where there is no upward or downward pressure on price is called
A) a shortage. B) a surplus. C) market equilibrium. D) All of the above are possible correct answers.
The indifference curves for perfect substitutes are right angles
a. True b. False Indicate whether the statement is true or false
Fiscal policy revolves around the
A. federal budget. B. money supply. C. national debt. D. paradox of thrift.
Based on the membership of the Eurosystem in 2017, the median country is likely to be:
A. growing more rapidly than the others. B. very large. C. Italy. D. fairly small.