Recessions Have Contributed to the Public Debt by

question 126

Multiple Choice

Recessions have contributed to the public debt by

• A) reducing national income and therefore tax revenues.
• B) increasing real interest rates.
• C) increasing the international value of the dollar.
• D) increasing national saving.

---

Definitions:

Mechanic's Lien

A legal claim on a property's title to protect those who have provided work or materials that enhance the property's value.

Artisan's Lien

A legal claim granted to craftsmen or workers on the property they have repaired, built, or improved, ensuring payment for their services.

Judicial Lien

A claim against a debtor's property that is granted by a court judgment, securing payment of a debt or settlement.

Assignment

The transfer of rights, property, or responsibilities from one party to another.