The U.S. Public Debt
A) is issued and managed by the Federal Reserve System
B) is issued and managed by the U.S. Department of Commerce
C) is equal to the total amount owed by the federal government
D) is less than the federal budget deficit
Answer: C) is equal to the total amount owed by the federal government
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Refer to Figure 19.3. At the exchange rate of 120 yen per dollar, the United States is experiencing a
A) balance of payments deficit. B) balance of payments surplus. C) capital account deficit. D) current account surplus.
Using the data in the above table
A) the variables quantity and price are positively related. B) the variables quantity and price are negatively related. C) the variables quantity and price are neither positively nor negatively related. D) an increase in price is likely to cause an increase in quantity.
Special interest group Q receives a 1/10,000th slice of the economic pie. Its net benefit from either an economic growth policy or a transfer policy is $50,000. In order for group Q to be indifferent between the two policies, the economic growth policy would have to make the size of the economic pie (Real GDP) grow by _________________. This type of analysis is used to show that special interest groups tend press government for ______________ instead of ________________.
A. $50,000,000; economic growth; transfers B. $500,000; transfers; economic growth C. $500,000,000; transfers; economic growth D. $5,000,000; transfers; economic growth E. none of the above
The market line must
a. pass through the risk-free asset. b. be linear. c. be tangent to the efficient set. d. all of the above.