Debt monetization means that a government pays off its debt by:
What will be an ideal response?
increasing the money supply.
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Refer to the scenario above. If Alice wins the auction, the seller earns an average revenue of ________
A) $30,000 B) $25,000 C) $24,000 D) $36,000
Classical macroeconomic theorists believed that during an economic downturn, unemployment would ________.
A. only lead to wage increases for the most highly skilled workers B. lead wages to fall C. have no impact on wages D. lead wages to rise
For a firm in a perfectly competitive labor market, the supply curve of labor is
A) elastic. B) inelastic. C) perfectly elastic. D) perfectly inelastic.
Dissaving occurs when:
A. Income is greater than saving B. Income is less than consumption C. Saving is greater than consumption D. Saving is greater than the interest rate