EBK ECONOMICS TODAY
EBK ECONOMICS TODAY
18th Edition
ISBN: 9780100663268
Author: Miller
Publisher: YUZU
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Chapter 14, Problem 1FCT
To determine

Whether historically a high debt ratio of the net public debt to GDP is necessarily bad for the economy.

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How to calculate the level of GDP base on the MPC & MPS? Historical durations of recessions? The effect of foreign trade on the U.S. economy? Importance of who holds the public debt?
Cite the five major demand-side components of GDP. Then, identify the major elements affected by fiscal policy.
From 2008 to 2012, in the aftermath of the financialcrisis, the ratio of government debt to GDP in theUnited Statesa. increased markedly.b. decreased markedly.c. was stable at a historically high level.d. was stable at a historically low level.
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