During 1998-2001 the government budget
A) moved deeper into deficit and caused a substantial increase in borrowing from foreign investors.
B) moved into surplus but the beneficial effect was largely offset by a drop in household saving.
C) was balanced and the inflow of capital from foreign lenders was finally stopped.
D) moved into surplus and resulted in large capital outflows from the United States.
B
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A bank can only make a loan if it has
A) excess reserves. B) a creditworthy customer willing to pay a high interest rate. C) permission from the Federal Reserve. D) reserves equal to its deposits.
A monopoly firm's demand curve
A) is more inelastic than the demand curve for the product. B) is inelastic at high prices and elastic at lower prices. C) is perfectly inelastic. D) is the same as the market demand curve.
Savings bonds
a. allow more people to buy and hold government debt b. are marketable Treasury bonds c. are issued by the Federal Reserve d. are only considered external debt e. restrict government debt access
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?