Paying interest on internal government debt involves a:
A. redistribution of income among citizens of the country.
B. net increase in domestic income.
C. net reduction in domestic income.
D. redistribution of income to citizens of other countries.
Answer: A
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Using Figure 10.1 above is it possible to determine the price that this product is selling for if it is being sold in a competitive market? If so what is that price?
What will be an ideal response?
Which of the following changes shifts the AD curve up and to the right?
A) A rise in the nominal money supply B) An increase in income taxes C) An increase in the risk on nonmonetary assets D) A decrease in the future marginal productivity of capital
Borrowers:
A. lose with inflation, as the value of their debt decreases. B. gain from inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
What word describes the goods and services that are used to produce outputs for a business?
A. Revenue B. Inputs C. Production D. Cost