How does the federal government finance a budget deficit?
A) It borrows funds by selling Treasury bonds. B) It cuts spending on entitlement programs.
C) It redeems its IOUs. D) It purchases U.S. Treasury bonds.
A
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According to the rational expectations hypothesis, monetary policy can have real effects on such variables as real Gross Domestic Product (GDP) in the short run
A) only when the policy is anticipated. B) only when the policy is unsystematic and unanticipated. C) regardless of whether the policy is anticipated or unanticipated. D) when the Federal Reserve's open market committee operates as expected in either buying or selling bonds.
All else equal, sellers expecting the price of turkey to rise in the future would cause a current move from
Figure 4-19
The diagram below pertains to the demand for turkey in the United States.
Refer to Figure 4-19. All else equal, sellers expecting the price of turkey to rise in the future would cause a current move from
Group of answer choices
A. DA to DB.
B. DB to DA.
C. y to x.
D. x to y.
Most spells of unemployment are long, and most unemployment observed at any given time is long-term
a. True b. False Indicate whether the statement is true or false
Finding both parties to a trade who have something the other party wishes to trade for is called a:
A. double coincidence of wants. B. unit of account. C. medium of exchange. D. store of value.