The sum of past federal budget deficits increases the:
a. GDP debt.
b. trade debt plus debt.
c. national debt.
d. Congressional debt.
c
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The averting expenditures method
a. uses spending changes on goods that act as substitutes for environmental quality b. defines personal environmental quality as the relevant market c. has the disadvantage of jointness of production, which biasesthe benefit estimate d. all of the above
A coupon bond that has no maturity date and no repayment of principal is called a
A) consol. B) cabinet. C) Treasury bill. D) Treasury note.
Capitalism and free enterprise are common, and the United States
a. has just begun to move in that direction after years of central planning. b. has gone further in that direction than almost any other country. c. is becoming more "free," but is not as capitalistic as many others. d. is considering a major change to "free up" its economy as many others have. e. is leading the move toward greater central planning and control.
Credit card limits are included in
a. M1 but not M2. b. M2 but not M1. c. M1 and M2. d. neither M1 nor M2.