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Author Question: A government debt larger than the economy's GDP ________. A) is an example of debt repudiation ... (Read 54 times)

genevieve1028

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on: Jun 30, 2018
A government debt larger than the economy's GDP ________.
 
  A) is an example of debt repudiation
  B) is a predictor of future large budget deficits
  C) is a consequence of debt intolerance
  D) is a possible consequence of tax smoothing

Question 2

According to Lucas' misperception theory, countries with higher rates of inflation should have a _____new classical AS curve.
 
  a. flatter.
  b. steeper.
  c. downward sloping
  d. vertical.
  e. none of the above.


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tuate

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

D

Answer to Question 2

A


genevieve1028

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

DylanD1323

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Reply 3 on: Yesterday
:D TYSM

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