The national debt
A) can be paid off without major economic effects
B) need never be paid off
C) is no more serious a problem than is a corporation's debt
D) should not exist during a period of economic prosperity
E) is the simple sum of post budget deficits
Correct Answer:
Verified
Q22: The U.S.government has tended to keep its
Q23: The national debt
A) exists because of past
Q24: In the long run,
A) continuing budget surpluses
Q25: In an expansion,tax payments tend to increase
Q26: Suppose you are the president of a
Q28: Government debt and interest payments on that
Q29: In the long run,
A) large government budget
Q30: When the U.S.government runs a deficit,it usually
Q31: In the long run,
A) higher consumption spending
Q32: Which of the following is true?
A) The
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