7 The total amount owed by the federal government to the public isknown as theA) federal budget deficit.B) federal debt.O C) federal defaultO

The federal government plays a central role in managing fiscal policy, influencing economic activity…

Answered: The total amount owed by the federal…

The total amount owed by the federal government to the public is known as the O A) federal budget deficit. B) federal debt. C) federal default

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The total amount owed by the federal government to the public is
known as the
A) federal budget deficit.
B) federal debt.
O C) federal default
O

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