If there is a national debt, we can conclude that the federal government has
A) borrowed in the past.
B) purchased more goods and services than were needed.
C) spent money foolishly.
D) loaned funds to U.S. taxpayers in the past.
E) loaned funds to other nations in the past.
A
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What is the marginal revenue of producing the fourth unit?
a. 90 b. 40 c. 20 d. 180
According to economists, entrepreneurship is a factor of production
Indicate whether the statement is true or false
John and Jane decide to go on a vacation. As a result, they withdraw $2,500 from their savings account to purchase $2,500 worth of traveler's checks. As a result of these changes,
a. M1 increases by $2,500 and M2 decreases by $2,500. b. M1 increases by $2,500 and M2 stays the same. c. M1 and M2 stay the same. d. M1 decreases by $2,500 and M2 increases by $2,500.
Assume that there is no accelerator affect. The MPC = 3/4 . The government increases both expenditures and taxes by $600 . The effect of taxes on aggregate demand is 3/4 the size of that created by government expenditures alone. The crowding out effect is 1/5 as strong as the combined effect of government expenditures and taxes on aggregate demand. How much does aggregate demand shift by?
a. $1480 b. $480 c. $160 d. None of the above is correct.