Multiple Choice
The national debt
A) is currently greater than the annual federal deficit
B) is reduced by the revenue generated from the federal deficit
C) decreases as the deficit is reduced
D) is a flow variable
E) varies depending on developments in the stock market
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Countercyclical fiscal policy can<br>A) only be employed
Q23: Before about 1975<br>A) any federal deficits were
Q24: "Rolling over" the debt means<br>A) to repay
Q25: A key tool of countercyclical fiscal policy
Q26: We expect a rise in transfer payments
Q28: In an expansion,tax payments tend to increase
Q29: In the long run,<br>A) an increase in
Q30: The formula for calculating the tax multiplier
Q31: In the long run,<br>A) continuing budget surpluses
Q32: When the U.S.government runs a deficit,it usually