The Real Burden of an Increase in the Public Debt

question 68

Multiple Choice

The real burden of an increase in the public debt:

• A)may be very small or conceivably zero when the economy is in the midst of a severe depression.
• B)will be smaller when full employment exists than it will when the economy has large quantities of idle resources.
• C)can be shifted to future generations if the debt is internally financed.
• D)can best be measured by the dollar increase in the size of the debt.

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Definitions:

Heights

The measurement of someone or something from base to top or head to foot.

Statistically Significant

An indication that the likelihood of the observed data, under the assumption of the null hypothesis, is low enough to reject the null hypothesis.

Electronic Control

The use of electronic systems to regulate the operation of mechanical devices, commonly found in automotive, industrial, and consumer appliance contexts.

Sampling

The process of selecting a subset of individuals from a statistical population to estimate characteristics of the whole population.