At the end of World War II, the U.S.debt-to-GDP ratio was much higher than it was in 2013 but there was no talk of a "fiscal cliff." This was because
A) there was no legal debt ceiling in the U.S. in the 1940s
B) it was assumed that the anticipated reduction in budget deficits combined with economic growth would reduce the ratio quickly
C) financial investors believed in the ability of the U.S. government to eventually pay off its creditors
D) all of the above
E) none of the above
Correct Answer:
Verified
Q40: Many European countries chose to employ austerity
Q41: Between 2009 and 2011, long-term interest rates
Q42: Which of the following countries had the
Q43: For most of the time after World
Q44: Which of the following countries had the
Q45: Which of the following countries did NOT
Q46: How large was Greece's debt-to-GDP ratio in
Q47: Which of the following is FALSE about
Q49: Which of the following is FALSE about
Q50: What was primarily responsible for the most
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents