Most of the U.S. public debt is owed to the nation's citizens and domestic institutions. This is one reason that the public debt:
A. Crowds out private investment
B. Does not impose a large burden on future generations
C. Has a pro-cyclical economic effect on the economy
D. Can result in the bankruptcy of the Federal government
B. Does not impose a large burden on future generations
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A subjective analysis of "what should be" in the economy is referred to as
A) positive economics. B) normative economics. C) command economics. D) implicit economics.
If the central bank does not purchase foreign assets when output increases but instead holds the money stock constant, can it still keep the exchange rate fixed at ? Please explain with the aid of a figure
What will be an ideal response?
Discuss the Coasian reasoning with an example
Why would it be economically inefficient for a firm to charge the price of a good greater than its marginal cost?
What will be an ideal response?