Which of the following is (are) correct? In the classical system, ...

[saraeharris]

Which of the following is (are) correct? In the classical system, the suppliers of bonds were the
 
  a. government which always sold bonds to finance a new project.
  b. firms which financed all investment expenditures by selling bonds.
  c. government which might sell bonds to finance spending in excess of tax revenues.
  d. Both b and c.

Question 2

During the antebellum period, the U.S. used more economic output and resources than were domestically available during expansions and less during contractions. International trade assisted during these cyclical times.
 
  Indicate whether the statement is true or false

[taylorsonier]

Answer to Question 1

D

Answer to Question 2

True

[saraeharris]

Thank you

[taylorsonier]

Happy to help you