The legislated legal limit on the national debt is called the Question 7 options

Question

The legislated legal limit on the national debt is called the

Question 7 options:

A) net public debt.

B) debt ceiling.

C) internal national debt.

D) external national debt.

How much of the U.S. total national debt was owed to foreigners?

Question 8 options:

A) 

About 2 percent.

B) 

About 12 percent.

C) 

About 22 percent.

D) 

About 31 percent

Critics of Keynesian fiscal policy argue that deficit spending will not stimulate the economy, because higher interest rates will discourage consumption and investment. This argument is known as the

Question 9 options:

A) deficit-substitution effect.

B) multiplier effect.

C) burden-of-debt effect.

D) crowding-out effect.

If the economy is at full employment, then the crowding out caused by increased government spending will be

Question 10 options:

A) impossible.

B) partial.

C) complete.

D) negligible.

Explanation / Answer

7) The legislated legal limit on the national debt is called the

Solution: debt ceiling

Explanation: Debt ceiling or debt limit is a legislative limit in United States on the amount of national debt

8) How much of the U.S. total national debt was owed to foreigners?

Solution: 31 percent

Explanation: In 2011, foreigners owned 31 percent of the total national debt.

9) Critics of Keynesian fiscal policy argue that deficit spending will not stimulate the economy, because higher interest rates will discourage consumption and investment. This argument is known as the

Solution: crowding-out effect

Explanation: crowding-out effect refers to a situation when increased interest rates results to a reduction in private investment spending in a way that it dampens the initial increase of total investment spending is called crowding out effect

10) If the economy is at full employment, then the crowding out caused by increased government spending will be

Solution: complete.

Explanation: If the economy is at full employment, then the crowding out is inevitable

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