When a nation is in a debt crisis, the government's level of debt is so high that:
A. monetary policy is ineffective.
B. the government is unable to find willing lenders so it can continue borrowing.
C. it can only be solved with a fiscal stimulus of lower taxes and more government spending.
D. other countries will be unwilling to buy goods and services from the nation.
Answer: B
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The average price of a share of stock on the New York Stock Exchange falls by 30 percent. Other things being equal, we would expect
A) a shift up of the consumption function. B) an increase in the marginal propensity to consume. C) a decrease in the marginal propensity to consume. D) a shift down of the consumption function.
What is the Alliance for a Green Revolution in Africa and who are its primary supporters?
What will be an ideal response?
Refer to Scenario 18.1. Which of the following is TRUE?
A) The factory will never agree to B, because that would leave them with much less profit than the fishermen. B) C will never occur because that would leave the fishermen with much less profit than the factory. C) If the factory refused to install a filter, the fishermen would refuse to install a treatment plant. D) The factory must install a filter, because they contaminate the water. E) The profits above indicate profit before any agreement is made, and profit varies enough to make a mutually acceptable agreement possible.
Unskilled workers first gained union representation under the Congress of Industrial Organization in 1935
Indicate whether the statement is true or false