Very high debt burdens can result in
A) fine tuning.
B) automatic stabilizer.
C) the structural deficit.
D) tax smoothing.
E) debt repudiation.
E
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What is hyperinflation?
What will be an ideal response?
If the GDP deflator rises from one year to the next, we know that
A) economic growth has occurred. B) everyone in the economy is at least slightly worse off. C) real GDP has declined. D) the amount of double-counting in GDP has increased. E) the average money price of the goods included in GDP has risen.
This president made the campaign promise: "Read my lips: no new taxes." ______________.
Fill in the blank(s) with the appropriate word(s).
The proposition that if property rights are well defined and there are no transaction costs, an efficient allocation of resources will result even if externalities exist, is known as __________________
a. transaction costs b. Hartwick's rule c. the Coase Theorem d. Coase's Law e. the Hayes Theorem