Author Question: A government debt larger than the economy's GDP ________. A) is an example of debt repudiation ... (Read 39 times)

genevieve1028 · **on:** Jun 30, 2018

A government debt larger than the economy's GDP ________.

A) is an example of debt repudiation
B) is a predictor of future large budget deficits
C) is a consequence of debt intolerance
D) is a possible consequence of tax smoothing

Question 2

According to Lucas' misperception theory, countries with higher rates of inflation should have a _____new classical AS curve.

a. flatter.
b. steeper.
c. downward sloping
d. vertical.
e. none of the above.