Author Question: When the U.S. government spends more than it receives, it typically finances the shortfall by ... (Read 55 times)

Pineapplelove6 · **on:** Jul 9, 2018

When the U.S. government spends more than it receives, it typically finances the shortfall by selling IOUs, commonly called _____.

A) entitlements
B) long-term loans
C) credit vouchers
D) treasuries
E) interest investments

Question 2

Public debt refers to the total value of all outstanding:

A) corporate borrowing.
B) local government borrowing alone.
C) federal government borrowing.
D) borrowing by the public.
E) borrowing by interest groups.