Which of the following statements is true? a. The national debt as a percentage of GDP is

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Which of the following statements is true?

a. The national debt as a percentage of GDP is greater today than during any other period in our nation’s history.

b. A sizeable external national debt will transfer purchasing power away from foreigners to domestic citizens.

c. Keynesian theory assumes a total crowding out effect associated with deficit spending.

d. U.S. national debt has more than tripled since 1980.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 27, 2023 08:44 AM

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Which of the following statements is true? a. The national debt as a percentage of GDP is

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Survey Of Economics

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