The national debt
A) exists because of past government budget deficits.
B) is the difference between the government's spending and revenue in a given year.
C) is the amount households owe on credit cards, mortgages, and other loans.
D) is the amount households and firms have borrowed minus the amount they have saved.
Correct Answer:
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Q139: Paul Volcker, former chair of the Fed,
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Q141: Means-tested programs tend to favor those with
A)high
Q142: Eliminating double-taxation would likely
A)raise saving and primarily
Q143: Which of the following would likely increase
Q145: A reduction in the tax rate on
Q146: When measured over a long span of
Q147: Which of the following two effects of
Q148: A consumption tax that replaces an income
Q149: Which of the following reduce the incentive
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