Which of the following is true of U.S. national debt between 1958 and 2010?
a. Total debt in the U.S. crossed 104 trillion in 2009.
b. Debt as a percentage of GDP was the highest in the year 1978.
c. Net interest payable by the U.S. government was the highest in the year 1990.
d. Interest payment as a percentage of total government spending was the highest in 2009.
e. Net interest payable by the U.S. government crossed 250 billion in 2009.
Question 2
Which of the following would not shift the supply curve for halibut?
a. a reduction in the number of available fishing boats
b. unusually stormy weather during fishing season
c. the development of innovative new fishing equipment that makes it easier to catch halibut
d. an increase in the price of halibut