As a result of the global financial crisis in 2008, _____
a. U.S. interest rates fell and the cost of servicing U.S. debt decreased
b. U.S. citizens increased their purchase of foreign securities
c. U.S. chronic deficits increased and debt service costs overwhelmed the budget
d. debt issued by U.S. government entities was judged to be the safest in the world
e. there was downgrading of the nation's credit risk by the chief credit-rating agency in 2011
a
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A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of
A) expansionary fiscal policy. B) insourcing policies. C) automatic stabilization. D) contractionary fiscal policy.
Education at a private university is NOT a pure public good because it is
A) nonrival. B) excludable. C) both nonrival and nonexcludable. D) None of the above answers is correct.
Which of the following is the best definition of "physical capital"?
a. the labor utilized in the production process b. man-made resources used to produce other goods c. natural resources in their original state d. the ownership of stock shares issued by a corporation
The term federal reserve notes refers to coins minted by the U.S. Treasury
Indicate whether the statement is true or false