To say that "the U.S. public debt is mostly held internally" is to say that:
A. only interest payments on the public debt are an economic burden.
B. official figures understate the size of the public debt.
C. the bulk of the public debt is owned by U.S. citizens and institutions.
D. the public debt is equal to the land and building assets owned by the federal government.
C. the bulk of the public debt is owned by U.S. citizens and institutions.
You might also like to view...
If the money wage rate increases, the short-run aggregate supply curve shifts rightward
Indicate whether the statement is true or false
Exhibit 3-8 Demand and Supply Data for Video Games ? Price Quantity Demanded of Video Games Quantity Supplied of Video Games $75 400 900 70 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 ? In Exhibit 3-8, at any market price of video games above $50, a(n) ______________ would result, causing price to __________.
A. excess demand; rise B. excess supply; rise C. excess demand; fall D. excess supply; fall
The AS/AD model implies that monetary policy should be used to:
A. keep the price level constant. B. keep the money supply growing at a constant rate. C. keep the interest rate constant. D. make adjustments so that savings equal investment.
Tyrone is reviewing his income and expenses for the two previous years. He notes that he made $7,200 more in the second year than in the first year and he spent $2,400 more in the second year than in the first year. What is his marginal propensity to consume?
a. 7 percent b. 33 percent c. 67 percent d. 333 percent