If the Public Debt Increased by the Same Amount Each

question 63

Multiple Choice

If the public debt increased by the same amount each year during the past three years, then

• A) the U.S. government must have operated with the same budget surpluses during the past three years.
• B) the U.S. government must have experienced budget surpluses that increased by the same amount each of the past three years.
• C) the U.S. Treasury must have issued securities to fund a flow of government spending that exceeded a flow of tax revenues by the same amount during each of the past three years.
• D) during each of the past three years, the U.S. Treasury must have bought back the same amount of securities that had previously been issued to cover deficits experienced more than three years ago.

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Definitions:

Sensory Qualities

Characteristics of objects or events that are perceived by the senses, such as taste, smell, sound, touch, and sight.

Activation

In psychology, it often refers to the arousal level or the state of being prepared to act, which can be triggered by various stimuli or internal processes.

Detection Experiment

A type of experiment in psychology and neuroscience focusing on identifying the threshold at which a stimulus is perceived by participants.

False Alarm

A false alarm refers to a warning signal indicating a threat or problem that ultimately proves to be unfounded or incorrect.