Between 1980 and 2000, the national debt ______________.
A. stayed about the same
B. approximately doubled
C. approximately tripled
D. increased over fivefold
D. increased over fivefold
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For the capital stock to grow, production of capital goods must
a. exceed the inflation rate b. exceed 15 percent of GDP c. exceed the depreciation of existing capital d. increase from the previous year e. exceed the growth of the labor force
Traders in nations abiding by rules of Bretton Woods found ways to avert restrictions on _______ by offshore banking and improper accounting reporting.
A) imports B) capital controls C) gold movements D) interest rate changes
The type of currency in circulation in the modern U.S. economy is almost entirely
A. commodity money. B. metallic money. C. fiat money. D. silver certificates.
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.