Which one of the following is TRUE?
A) The net public debt is equal to gross public debt plus all government interagency borrowing.
B) The net public debt is equal to gross public debt minus all government interagency borrowing.
C) Our federal income tax system is not an automatic stabilizer because it is not progressive.
D) The use of automatic stabilizers does not affect the size of the budget deficit.
Correct Answer:
Verified
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