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Author Question: Government debt is different from individual debt because A) the government can always tax to ... (Read 173 times)

mwit1967

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on: Jun 30, 2018
Government debt is different from individual debt because
 
  A) the government can always tax to reduce it.
  B) the government cannot declare bankruptcy.
  C) the government does not need to pay interest.
  D) the government can decide the interest rate.

Question 2

If the price level is constant in the short run,
 
  A) the short-run aggregate demand curve is horizontal.
  B) the short-run aggregate demand curve is vertical.
  C) the short-run aggregate supply curve is horizontal.
  D) the short-run aggregate supply curve is vertical.


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wuly

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

A

Answer to Question 2

C


mwit1967

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

yeungji

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Reply 3 on: Yesterday
Excellent

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