Author Question: Under the U.S. Constitution, each state gave up its right to issue money, borrow, levy taxes and ... (Read 82 times)

madam-professor · **on:** Jun 30, 2018

Under the U.S. Constitution, each state gave up its right to issue money, borrow, levy taxes and regulate the value of money on behalf of national efforts.

Indicate whether the statement is true or false

Question 2

Government austerity measures are more likely to resolve a sovereign debt crisis if ________.

A) the real interest rate falls along with inflation
B) the fiscal multipliers are especially large
C) no aid is available from other countries, so the government is not tempted to abandon the austerity plan
D) citizens, also, adopt austerity