If the Ratio of Debt to GDP Increases Over Time

question 151

True/False

If the ratio of debt to GDP increases over time, it means that the government's burden of paying the debt is decreasing and default is less likely.

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Definitions:

Schemas

Mental frameworks that help individuals organize and interpret information, based on their experiences and beliefs.

Social Cognition

The study of how people process, store, and apply information about other people and social situations, influencing their perceptions, attitudes, and behaviors.

Priming

Activating an idea in someone’s mind so that related ideas are more accessible.

Activating Concept

The process of making certain ideas, memories, or associations more accessible or prominent in one's mind.