According to the text, the net public debt to Gross Domestic Product (GDP) ratio is currently about
A) 10%.
B) 25%.
C) 60%.
D) 120%.
C
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Budgets should be organized along line item budgets rather than program budgets in order to facilitate an evaluation of the effectiveness of government spending on an issue
a. True b. False
In a market for emission permits, firms that emit below their allowed limits
A) will buy even more allowances through a trading system. B) are taxed by the government for the amount of emissions. C) receive a subsidy for the amount of emissions. D) will sell their excess allowances through a trading system.
The World Bank primarily engages in
A) short-term lending aimed at helping developing nations repay debt accumulated in past years. B) short-term lending aimed at helping developing nations repay loans from the International Monetary Fund. C) long-term lending aimed at helping developing nations' governments and businesses make investments that will contribute to economic growth. D) long-term lending aimed at helping developing nations' governments and central banks keep exchange rates from varying.