The total value of us treasury bonds outstanding

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Chapter 21 / Exercise 019
Exploring Economics
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120) The total value of U.S. Treasury bonds outstanding equalsA) the federal government debt.B) the federal government surplus.C) the cyclically adjusted budget deficit.D) the federal government deficit.Answer: A
120)
Diff: 1Page Ref: 931/557Topic: Federal Government DebtLearning Outcome: Macro 6: Explain the aggregate supply-aggregate demand modelAACSB: Reflective Thinking121) The federal government debt ________ when the federal government runs a deficit and ________when the federal government runs a surplus.
Diff: 1Page Ref: 931/557Topic: Federal Government DebtLearning Outcome: Macro 6: Explain the aggregate supply-aggregate demand modelAACSB: Analytic Skills122) The federal government debt as a percentage of GDP did not rise
Diff: 1Page Ref: 931/557Topic: Federal Government DebtLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB:123) Accumulating debt poses a problem for the U.S. federal government because
Diff: 2Page Ref: 931/557Topic: Federal Government DebtLearning Outcome: Macro 9: Discuss fundamental approaches to fiscal policyAACSB: Reflective ThinkingTRUE/FALSE. WriteʹTʹif the statement is true andʹFʹif the statement is false.124) The cyclically adjusted budget is calculated at potential GDP.124)Answer:TrueFalse
Diff: 2Page Ref: 928/554Topic: The Federal Budget as an Automatic StabilizerLearning Outcome: Macro 9: Discuss fundamental approaches to fiscal policyAACSB: Reflective Thinking38
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Chapter 21 / Exercise 019
Exploring Economics
Sexton
Expert Verified
125) A law requiring the government to balance its budget in each year would serve as an automaticdestabilizer.125)
Diff: 3Page Ref: 928/554Topic: The Federal Budget as an Automatic StabilizerLearning Outcome: Macro 9: Discuss fundamental approaches to fiscal policyAACSB: Analytic Skills126) If the federal budget has an actual budget surplus of $75 billion, but a cyclically adjusted budgetsurplus of $50 billion, then the economy must be above potential real GDP.

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