Multiple Choice
Government debt and interest payments on that debt
A) are problems if they grow faster than GDP
B) are unrelated in the short run
C) are unrelated in the long run,but not in the short run
D) generally grow faster than government spending
E) contributed to the crisis experienced by the U.S.economy in the late 1990s
Correct Answer:
Verified
Correct Answer:
Verified
Q41: Ricardian equivalence implies a tax multiplier of
Q42: Which of the following cases represent the
Q43: As a percentage of GDP,non-military government purchases
Q44: A key tool of countercyclical fiscal policy
Q45: Countercyclical fiscal policy has a serious problem
Q47: Recessions are associated with budget deficits.
Q48: Under which of the following circumstances should
Q49: Government expenditures are larger than government outlays.
Q50: If the national debt is growing no
Q51: If the marginal propensity to consume is