7. The national debt a. Is paid off each fiscal year when the debt is refinanced. b. Will never be paid off in any given year, but it will be entirely paid off when it is refinanced over a number of years. c Will be paid off when the budget is finally balanced. d Equals the dollar amount of outstanding U.S. Treasury bonds.

Q: stock of government debt Will Con ue to rise a. Increases its taxes. O b. Runs a budget surplus. Oc.…

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A:

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A: 4. The answer is - e. As a percentage of GDP, it has steadily grown since World War II.

Q: Summarize MMT in one sentence.

A: MMT means Modern monetary or money theory.

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A: please find the answer below.

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Fiscal Policy and Money Market

Fiscal policy is one of the important tools that is used by the government to control inflation or aggregate demand in the economy. Under this policy, there are two rules which are used by the government, one is the expenditure of the government and the other is the taxation or income of the government which it collects from the public.