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According to the Congressional Budget Office (CBO) federal debt that is high.and risiog.as a percentage of GDP: Increases federal and private borrowing costs and slows the growth of economic output Crowds out much of discretionary spending over time May increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar All of the above QUESTION 4 The Fed implements expansionary monetary policy by ralsing Interest rates to reduce the money supply in the economy becaue higher interest rates mean that people with save more and borrow less. True False

According to the Congressional Budget Office (CBO) federal debt that is high.and risiog.as a percentage of GDP: Increases federal and private borrowing costs and slows the growth of economic output Crowds out much of discretionary spending over time May increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar All of the above QUESTION 4 The Fed implements expansionary monetary policy by ralsing Interest rates to reduce the money supply in the economy becaue higher interest rates mean that people with save more and borrow less. True False

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to the Congressional Budget Office (CBO). federal debt that is high and rising.as.a.percentage of GDP: O Increases federal and private borrowing costs and slows the growth of economic output Crowds out much of discretionary spending over time May increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar O All of the above QUESTION 4 The Fed implements expansionary monetary policy by raising Interest rates to reduce the money supply in the economy becaue higher interest rates mean that people with save more and borrow less. O True O False O O O O
Transcribed Image Text:According to the Congressional Budget Office (CBO). federal debt that is high and rising.as.a.percentage of GDP: O Increases federal and private borrowing costs and slows the growth of economic output Crowds out much of discretionary spending over time May increase the risk of a fiscal crisis and higher inflation as well as undermine confidence in the U.S. dollar O All of the above QUESTION 4 The Fed implements expansionary monetary policy by raising Interest rates to reduce the money supply in the economy becaue higher interest rates mean that people with save more and borrow less. O True O False O O O O
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