Multiple Choice
Spending promises made by governments that are effectively a debt, despite the fact that they are not included in the usual debt statistics, are known as:
A) implicit liabilities.
B) explicit liabilities.
C) implicit assets.
D) explicit assets.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Which of the following is an automatic
Q54: Changes in the budget balance:<br>A)can be the
Q55: For a marginal propensity to consume of
Q57: Explain why a constitutional amendment requiring the
Q59: If government spending increases and taxes decrease:<br>A)implicit
Q60: An expansionary fiscal policy:<br>A) usually decreases a
Q60: Use the following to answer questions:<br>Figure: Fiscal
Q61: If the marginal propensity to consume is
Q62: Spending for Medicare and Medicaid accounts for
Q63: Which of the following is the largest