Question
14. Reducing the budget deficit from $5 billion to $1 billion would imply that a. the total government debt would decrease by $4 billion. b.
14. Reducing the budget deficit from $5 billion to $1 billion would imply that a. the total government debt would decrease by $4 billion. b. the total government debt would decrease by $1 billion. c. the total government debt would increase by $1 billion. d. the total government debt would be $1 billion.
Can you explain why the answer is C?
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
