A central cause of the rising debt-GDP ratio in the United States during the 1980s and 1990s was
A) the tax cuts of the early 1980s.
B) continuous increases in the military portion of the federal budget.
C) overly-generous indexation of Social Security benefits.
D) deficit-reduction targets.
C
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What will be an ideal response?
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An increase in the taxes paid by consumers shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
For a monopolist, marginal revenue is:
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