Public debt is:
A) the total debt owed by the government to individuals and institutions outside of government.
B) the total amount that the government owes during a given fiscal year.
C) likely to increase when the government uses contractionary fiscal policy.
D) the amount that the government owes itself.
Correct Answer:
Verified
Q366: When the government decides to increase taxes
Q367: Holding everything else constant, the multiplier effect
Q368: Automatic stabilizers act like:
A)automatic expansionary fiscal policy
Q369: The public ratio of debt to GDP
Q370: The 2009 American Recovery and Reinvestment Act
Q372: A government encounters a recessionary gap and
Q373: _ occur(s) when government spending results in
Q374: Economists generally believe that during an expansion,
Q375: The multiplier effect of government purchases of
Q376: The government's budget balance is:
A)T - G.
B)G
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents