This Question: 4 pts 9 of 25 (8 complete) ; This Quiz: 100 pts possible Explain

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This Question: 4 pts 9 of 25 (8 complete) ; This Quiz: 100 pts possible Explain how each of the following will affect the net public debt, other things being equal a. Previously, the government operated with a balanced budget, but recently there has been a sudden increase in federal tax collections. The net public debt Idecreases b. The federal government had been operating with a very small annual budget defiait untilthree successive hurricanes hit the Atlantic Coast, and now government spending has risen substantially. The net public debt remains unchanged c. The General National Mortgage Association, a federal govemment agency that purchases certain types of home mortgages, buys U.S. Treasury bonds from another government agency. The net public debt remains unchanged Click to select your answers).

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