The total outstanding government debt from borrowings over many years is called _____.
A) government deficit
B) crowding out
C) cumulative debt
D) debt funding
Correct Answer:
Verified
Q37: The marginal propensity to save (MPS) in
Q38: Suppose national output is £3500, autonomous consumption
Q39: What does the balanced budget multiplier state?
A)
Q40: The value of the multiplier increases when
Q41: How is the multiplier calculated in an
Q43: The economy's structural deficit widens when _.
A)
Q44: Which of the following is true of
Q45: During a recession, tax cuts are considered
Q46: An economy's structural budget _.
A) is not
Q47: The government collects data on economic activity
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