Explain how each of the following will affect the net public debt other things b

Question

Explain how each of the following will affect the net public debt other things being equal. Previously, the government operated with a balanced budget but recently there has been a sudden increase in federal t; collections. The net public debt The federal government had been operating with a very small annual budget deficit until three successive hurricanes hit the Atlantic Coast and now government spending has risen substantially. The net public debt The General National Mortgage Association, a federal government agency that purchases certain types of home mortgages, buys U.S. Treasury bonds from another government agency. The net public debt

Explanation / Answer

a) It will reduce the debt

b) It will reduce the debt

c) The debt remains unchanged

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