If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?
a. a substantial reduction in real GDP
b. a deflationary collapse
c. rapid inflation
d. an increase in the trade surplus
C
You might also like to view...
If your MPC is 0.5, then when your disposable income increases by $100, your consumption expenditure increases by
A) $200. B) $100. C) $95. D) $50. E) $5.
What is an incentive system?
What will be an ideal response?
State and local governments spend more on the purchases of goods and services than the federal government
Indicate whether the statement is true or false
WTO rulings with respect to environmental issues have:
a. generally had very adverse effects on the environment. b. generally increased regard for environmental protection. c. caused substantial decreases in international trade. d. caused countries to adopt more stringent laws more affecting imports than domestic producers.