Which of the following statements about the U.S. national debt is not correct?

In Figure 8.5, if equilibrium real output is Q1 and full-employment real output is Q2, an appropriate monetarist policy lever would be to increase

Refer to Figure 11.3. Assume aggregate demand is represented by AD3 and full-employment output is $5.8 trillion. The economy confronts an inflationary GDP gap of

If the MPC equals 0.80, a $200 billion tax decrease will increase consumption in the first round by

A limitation on fiscal policy is time. Which of the following does not impact the timeliness of fiscal policy?

Aggregate demand is the total quantity of output

According to Keynes, which of the following can be used to slow down an overheated economy?

In Figure 8.1, an increase in government spending, ceteris paribus, is best represented as a movement from point

Controversies between Keynesian, monetarist, and supply-side theories focus on the

Which combination of shifts of aggregate demand and supply would definitely cause an increase in real GDP?