The large increase in Canadian debt in the 1970s and 1980s occurred because:
A) the average growth for real GDP fell during that period.
B) Canada was involved in many wars.
C) the Canadian government ran large surpluses.
D) the Canadian government increased taxes and reduced spending.
Correct Answer:
Verified
Q1: Holding other factors constant, the ratio of
Q2: According to the textbook, a "fiscal dividend"
Q2: Government debt equals the:
A) difference between current
Q4: In a time of inflation when the
Q6: Compared to the size of government debt
Q7: When a government spends more than it
Q8: If government debt is not changing, then:
A)
Q9: Assume that the nominal interest rate is
Q16: The amount by which government spending exceeds
Q17: A deficit adjusted for inflation should include
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