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Author Question: If a government had a debt of 300 billion and then ran deficits of 200 billion each year for the ... (Read 136 times)

sheilaspns

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on: Jun 30, 2018
If a government had a debt of 300 billion and then ran deficits of 200 billion each year for the next three years, by the end of the third year its total debt would be
 
  A) -300. B) 300 billion. C) 600 billion. D) 900 billion.

Question 2

The European Central Bank:
 
  A) emphasizes maintaining interest rates below 5.
  B) lays more emphasis on controlling employment than on controlling inflation.
  C) emphasizes maintaining unemployment rates below 5.
  D) lays more emphasis on controlling inflation than on controlling employment.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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AmberC1996

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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