The national debtO decreases when the government runs a budget deficit.O is the total amount of government debt outstanding.O equals tax revenues plus outlays.O equals tax revenues minus outlays.O grows when the government runs a budget surplus. Demand-pull inflation starts with a shift of theO potential GDP line leftward.O AS curve leftward.O AS curve rightward.O AD curve rightward.O AD curve leftward.

1.Here answer is “is the total amount of government debt outstanding” National debt is the debt that…

Answered: The national debt O decreases when the…

The national debt O decreases when the government runs a budget deficit. O is the total amount of government debt outstanding. O equals tax revenues plus outlays. O equals tax revenues minus outlays.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The national debt
O decreases when the government runs a budget deficit.
O is the total amount of government debt outstanding.
O equals tax revenues plus outlays.
O equals tax revenues minus outlays.
O grows when the government runs a budget surplus.

Demand-pull inflation starts with a shift of the
O potential GDP line leftward.
O AS curve leftward.
O AS curve rightward.
O AD curve rightward.
O AD curve leftward.

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