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
You might also like to view...
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
The U.S. population is over _________ million.
Fill in the blank(s) with the appropriate word(s).
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.
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