45). The largest proportion of the public debt is held by: A. the U.S. public (i

Question

45). The largest proportion of the public debt is held by: A. the U.S. public (individuals, businesses, financial institutions, etc.) and state and local governments B. foreign individuals and institutions. C. the Federal Reserve System. D. U.S. government agencies 46). Payment of interest on the U.S. public debt: A. increases the current domestic standard of living in the United States. B. has no effect on the distribution of income. C. is thought to decrease income inequality. D. is thought to increase income inequality 47.) The most likely way the public debt burdens future generations, if at all, is by A. reducing the current level of investment. B. causing future unemployment. C. causing deflation. D. reducing real interest rates. 48). The financial instruments that make up the national/public debt are. a. money markets,CD's, T-bills, municipal Bonds b.T-bill T-notes, U.S. savings bonds,T-bonds c. T-bills, T-notes, mutual funds, Money market bonds d. inflation bills, FRB notes, FRB bills, U.S. savings bonds. 49. Fiscal Policy may not work as policymakers intended it to work because of A) Crowding out B) Lags C) the position of the production possibilities curve. D) a and b E) a, b and c

Explanation / Answer

45, d, US government agencies.

46, d, is thought to increase income inequality.

47, a, reducing the current level of investment.

48, a, fact

49, d

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