The burden of the public debt
a. cannot be passed to future generations
b. can be passed to future generations to the extent that it is unevenly distributed between the rich and the poor
c. can be passed to future generations to the extent that it is held by foreigners
d. can be passed to future generations to the extent that it is held by corporations
e. can be passed to future generations to the extent that it is held by state and local governments
C
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In the real intertemporal model, if future total factor productivity increases, this captures the effects of
A) intemporal substitution. B) Ricardian equivalence. C) the government expenditure multiplier. D) news shocks.
If the cost of the capital is 9%, is the investment feasible?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. No because the NPV<0 d. Need information on the marginal benefits and costs
Arianna’s country invests in new technologies and makes sure that its citizens get a good basic education and adequate health care. What is likely happening as a result?
a. The population of the country is growing rapidly. b. The country’s rate of economic growth is slowing. c. The output per average worker is increasing. d. The country’s physical capital is decreasing.
What does it mean that a currency has been designated legal tender? How important is the designation?
What will be an ideal response?