Author Question: If the net public debt declined last year, then which of the following most likely occurred during ... (Read 94 times)

nramada · **on:** Jun 29, 2018

If the net public debt declined last year, then which of the following most likely occurred during that year?

A) The government's budget was balanced.
B) The government experienced a budget surplus.
C) The government experienced a budget deficit.
D) The share of foreign holdings of the government's debt increased.

Question 2

Price ceilings are adopted in most cases because

A) the government views the current equilibrium price as too high for consumers.
B) the government wants to create surpluses.
C) the government favors a non-intervention policy.
D) producers need incentives to produce more of the good or service.