Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in Year 4?
A) 5.8 percent
B) 7.8 percent
C) 3.6 percent
D) 2.0 percent
C
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A year over year ________ in the buying power of money means that definitely ________ from one year to the next
A) decrease; the price level increased B) increase; inflation increased C) decrease; inflation increased D) increase; the price level increased E) Both answers A and C are correct.
What is the difference between induced and autonomous expenditure? Which components of aggregate expenditure fall under which category?
What will be an ideal response?
Refer to Figure 18-1. Area B + C + F + G represents
A) the portion of sales tax revenue borne by consumers. B) the portion of sales tax revenue borne by producers. C) the excess burden of the sales tax. D) sales tax revenue collected by the government.
Which of the following appears on the liability side of the Fed's balance sheet?
a. Federal Reserve notes. b. U.S. government securities. c. Loans to banks. d. All of these.