Increases in the debt—GDP ratio are primarily caused by
A) a high growth rate of GDP.
B) a high government deficit relative to GDP.
C) increases in government borrowing through bonds.
D) increases in interest rates.
B
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About ___________ of the U.S. population moves each year
a. 5% b. 10% c. 15% d. 35%
Harry's Hotdogs is a small street vendor business owned by Harry Huggins. Harry is trying to get a better understanding of his costs by categorizing them as fixed or variable. Which of the following costs are most likely to be considered fixed costs?
a. the cost of mustard b. the cost of hotdog buns c. wages paid to workers who sell hot dogs d. the cost of bookkeeping services
A budget surplus can be used to cut taxes or pay off old debt.
Answer the following statement true (T) or false (F)
Which of the following indicates the number of workers who are willing to work but are unemployed at the optimal union wage rate in Figure 31.1?
A. 22. B. Zero. C. 14. D. 6.