The national debt is unlikely to cause national bankruptcy because the:
a. federal government cannot refinance the outstanding national debt.
b. interest on the public debt equals GDP.
c. national debt cannot be shifted to future generations for repayment.
d. national debt can be refinanced by issuing new bonds.
d
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Suppose there are 10 million part-time workers and 90 million full-time workers in an economy. Five million of the part-time workers switch to full-time work. As a result, the
A. official unemployment rate will fall. B. size of the labor force will increase. C. official unemployment rate will rise. D. official unemployment rate will remain unchanged.
Why is the demand for a perfectly competitive firm's good perfectly elastic even though the market demand is not?
What will be an ideal response?
Compare the market supply curves in a perfectly competitive market and a monopoly market
What will be an ideal response?
If demand for lima beans is inelastic, a poor lima bean harvest could increase the total revenue of lima bean producers
a. True b. False Indicate whether the statement is true or false