Multiple Choice
The Treasury can retire part of the national debt only when
A) it can convince the Fed to buy government securities from the public
B) it can issue new securities to replace the ones that are maturing
C) federal government tax revenues exceed outlays
D) the structural component of the budget surplus is positive
E) the economy is at the full-employment level of output
Correct Answer:
Verified
Correct Answer:
Verified
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