As of December, 2012, the privately held portion of the national debt was approximately
a. 5 percent of the total.
b. 20 percent of the total.
c. 60 percent of the total.
d. 80 percent of the total.
C
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The most preferred solution for reducing cyclical unemployment is to: a. minimize recessions
b. provide unemployment benefits. c. provide food stamps. d. implement zoning laws.
A nation joining a currency union must subject itself to the ______ policies of the union, which may or may not conform to its own objectives or economic or political values.
A) fiscal B) economic C) monetary D) accounting
The LM curve shows equilibrium in the _______ market at various levels of interest rates and GDP.
A) forex B) goods C) equities D) money
Assume a price elasticity of demand of 0.50. If the tobacco lobby is successful in reducing a tax on the price of cigarettes by 10 percent, the quantity demanded will:
A. Decrease by 5 percent. B. Decrease by 2 percent. C. Increase by 5 percent. D. Increase by 2 percent.