Graphically, periods of federal budget deficits appear as upward-sloping portions of the debt-to-GDP line, while periods of budget surpluses appear as downward-sloping portions of the line

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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In 2015, Janice Quinn sells a five-year-old car to Used Car, Inc. for $6,000. In the same year, Used Car, Inc. resells the car to Hilda Goner for $6,500. What is the contribution of these transactions to GDP in the year 2015?

A. $6,000 B. $12,500 C. $500 D. $0

Economics

The U.S. population is over _________ million.

Fill in the blank(s) with the appropriate word(s).

Economics

Suppose an economy experiences a permanent increase in its natural unemployment rate. This change leads to

A) a downward movement along the short-run Phillips curve. B) a leftward shift of the short-run Phillips curve. C) a rightward shift of the short-run Phillips curve. D) an upward movement along the short-run Phillips curve. E) no change in the short-run Phillips curve.

Economics

The national debt increased approximately sixfold between

a. 1980 and 2000 b. 1945 and 1965 c. 1965 and 1975 d. 1960 and 1970 e. 1970 and 1980

Economics