If the debt to GDP ratio ________, or if the debt to broad-money-supply ratio _______, Exter’s Pyramid becomes __________, and the economy becomes _________. increases; decreases; less top heavy and more stable; less fragile because debt is controlled. decreases; increases; top heavy and more unstable; fragile as debt becomes unsustainable. increases; increases; top heavy and unstable; fragile because debt becomes unsustainable. decreases; decreases; less top heavy and more stable; more fragile and debt-ridden.
If the debt to GDP ratio ________, or if the debt to broad-money-supply ratio _______, Exter’s Pyramid becomes __________, and the economy becomes _________. increases; decreases; less top heavy and more stable; less fragile because debt is controlled. decreases; increases; top heavy and more unstable; fragile as debt becomes unsustainable. increases; increases; top heavy and unstable; fragile because debt becomes unsustainable. decreases; decreases; less top heavy and more stable; more fragile and debt-ridden.
Chapter13: Federal Deficits, Surpluses, And The National Debt
Section: Chapter Questions
Problem 13SQ
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- If the debt to GDP ratio ________, or if the debt to broad-money-supply ratio _______, Exter’s Pyramid becomes __________, and the economy becomes _________.
- increases; decreases; less top heavy and more stable; less fragile because debt is controlled.
- decreases; increases; top heavy and more unstable; fragile as debt becomes unsustainable.
- increases; increases; top heavy and unstable; fragile because debt becomes unsustainable.
- decreases; decreases; less top heavy and more stable; more fragile and debt-ridden.
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