When the Social Security Administration holds U.S. Treasury Bonds
A. there is a balanced budget.
B. interagency borrowing has occurred and the government owes itself.
C. an entitlement has occurred.
D. the gross public debt has increased.
Answer: B
You might also like to view...
The demand for money is
A) positively related to the nominal interest rate. B) positively related to the real interest rate. C) positively related to the price level. D) negatively related to real GDP. E) negatively related to the price level.
ch1.Criteria for rationing goods and resources must be established due to which of the following?
What will be an ideal response?
If Mexicans increase their investment in the US, the supply of Mexican pesos to the foreign exchange market and the dollar price of the peso will most likely change in which of the following ways?
(a) Increase ...... Increase (b) Increase ...... Decrease (c) Decrease ...... Increase (d) Decrease ...... Decrease (e) Decrease ...... Not change
Suppose that the income elasticity of demand for new clothes is positive. Other things being equal, which of the following statements is correct?
A. New clothes are a normal good. B. The quantity demanded of new clothes decreases as a consumer's income declines. C. There exists a positive relationship between income and the demand for new clothes. D. All of these