Which of the following would reduce the level of the national debt?
A) Run a surplus budget.
B) Balance the federal budget.
C) Cut government expenditures and raise taxes to reduce a budget deficit from $120 billion to $60 billion.
D) All of the above would reduce the level of the national debt.
Correct Answer:
Verified
Q117: The effect of a tax increase when
Q118: Which of the following statements is true?
A)
Q119: Public choice is the study of:
A) public
Q120: The national debt is the:
A) debt owed
Q121: The size of the national debt increases
Q123: The federal government maintains its debt by:
A)
Q124: The majority of the federal debt is
Q125: A government security which matures in two
Q126: A U.S. Treasury bill matures:
A) on demand
Q127: A U.S. Treasury bond is:
A) purchased by
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