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

[Chloeellawright]

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.

[ryhom]

Answer to Question 1

A

Answer to Question 2

B

[Chloeellawright]

Excellent

[deja]

Thanks for the timely response, appreciate it