The______is the dollar amount that the federal government owes holders of government securities. It is the cumulative sum of past deficits.
The percentage of the national debt a nation owes to its own citizens is called______.
_____is a burden because it is the portion of the national debt a nation owes to foreigners. When interest is paid on this type of debt, this income transfers purchasing power to o
The______is a theory that government borrowing to finance its deficit causes the interest rate to rise. As the interest rate rise, consumption and business investments fall.
The______is the legislated legal limit on the national debt.
The______is a theory that Treasury securities resulting from federal deficits increases wealth and consumer spending.
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