To compare the net public debt of various countries, the debt has to be compared to
A) the country's real GDP. B) the country's current budget deficit or surplus.
C) the country's trade deficit. D) the country's national defense expenditure.
Question 2
Suppose the economy is initially operating at point A in the above figure. Which of the following statements is TRUE?
A) An unexpected reduction in aggregate demand will cause the economy to move from point A to point B in the short run.
B) An unexpected reduction in aggregate demand will cause the economy to move from point A to point C in the short run.
C) An unexpected reduction in aggregate demand will cause the economy to move from point A to point B in the long run.
D) none of the above
Teenage Pregnancy Rates in Developed Countries
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Active Compared with Passive Voice
Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ...
Ten Leading Causes of Death in Low-Income Countries, 2008
Planet Earth compared to all its water and air!