A) the equilibrium deficit-to-GDP ratio will decrease.
B) the equilibrium debt-to-GDP ratio will decrease.
C) the equilibrium deficit-to-GDP ratio will increase.
D) the equilibrium debt-to-GDP ratio will increase.
Correct Answer
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Correct Answer
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A) higher spending on defense and other programs.
B) substantially higher spending on social welfare programs that primarily benefit low-income persons.
C) substantial tax cuts.
D) the productivity slowdown.
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Correct Answer
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A) the less risky an investment do financiers judge the debt of the country and the less willing they will be to buy and hold that debt.
B) the more risky an investment do financiers judge the debt of the country and the less willing they will be to buy and hold that debt.
C) the less risky an investment do financiers judge the debt of the country and the more willing they will be to buy and hold that debt.
D) the more risky an investment do financiers judge the debt of the country and the more willing they will be to buy and hold that debt.
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A) shifts the LM curve to the right and may change its slope.
B) shifts the IS curve to the right and may change its slope.
C) shifts the LM curve to the left and may change its slope.
D) shifts the IS curve to the left and may change its slope.
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Correct Answer
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A) the more likely is the government to resort to inflation as a means to reduce the real burden of the debt.
B) the less likely is the government to resort to inflation as a means to reduce the real burden of the debt.
C) the more likely is the government to resort to inflation as a means to increase the real burden of the debt.
D) the less likely is the government to resort to inflation as a means to increase the real burden of the debt.
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Correct Answer
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