Until 1980, the national debt was mostly the result of:
a. wartime borrowing.
b. inflation.
c. bad monetary policy.
d. wasteful Congressional spending.
e. Social Security obligations.
Question 2
Which type of unemployment is likely to decrease the most during an economy's boom?
a. Frictional unemployment
b. Seasonal unemployment
c. Structural unemployment
d. Cyclical unemployment
e. Underemployment