Gross public debt minus all government interagency borrowing is
A. an entitlement.
B. net public debt.
C. the money supply.
D. U.S. Treasury bonds.
Answer: B
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The long-run Phillips curve corresponds to the vertical region of the long-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
The "unit of account" function of money means it is the:
a. Asset people can use to accumulate wealth. b. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services. c. Barter value of a product for which a nation has a comparative advantage. d. Unit in terms of which people write contracts. e. Asset individuals get for goods and services and then use later to purchase other goods and services.
According to the text, The American Recovery and Reinvestment Act of 2009:
A. remains hotly debated whether it was successful or not. B. is known as the most effective legislation ever passed in U.S. history. C. was unsuccessful. D. was successful.
Under the Sullivan Principles, a multinational producing in different countries
A) should pay the same wages in all countries. B) should comply with the same environmental standards that exist in the home country. C) should lobby for better standards in all countries. D) should produce in pollution havens.