The Value of Bonds Outstanding

question 13

Multiple Choice

The value of bonds outstanding

• A) increases when the government runs a budget deficit and decreases when the government runs a budget surplus.
• B) decreases when the government runs a budget deficit and increases when the government runs a budget surplus.
• C) is independent of the government running either a budget deficit or a budget surplus.
• D) changes only when the government runs a budget deficit or surplus if the federal debt is zero.

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