The federal debt
A) is the current total of all that the government owes.
B) is the sum of all past government budget deficits minus all past surpluses.
C) never needs to be completely repaid because the government will continue in operation indefinitely and will simply refinance the debt forever.
D) has all these characteristics.
Correct Answer:
Verified
Q202: Which of the following policies should not
Q203: Between 1992 and 2000,the federal deficit
A)declined by
Q204: Deliberate changes in government expenditures and taxes
Q205: The multiplier effect tends to
A)decrease upswings and
Q206: If full employment GDP is greater than
Q208: Fiscal policy influences the levels of income
Q209: Why would a budget approved by Congress
Q210: Which statement is true?
A)Both unemployment compensation and
Q211: Since 1980,the public debt has
A)remained constant absolutely,but
Q212: Automatic stabilizers
A)are programs which require legislative action.
B)are
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