Author Question: When the Social Security Administration holds U.S. Treasury Bonds A) interagency borrowing has ... (Read 12 times)

Chloeellawright · **on:** Jun 29, 2018

When the Social Security Administration holds U.S. Treasury Bonds

A) interagency borrowing has occurred and the government owes itself.
B) there is a balanced budget.
C) an entitlement has occurred.
D) the gross public debt has increased.

Question 2

As John's income has increased, he has purchased fewer hamburgers. Hamburgers are

A) a normal good for John.
B) an inferior good for John.
C) not following the law of demand.
D) leading to a rightward shift in John's demand curve for hamburgers.