Feldstein Says U.S. Projected Deficits Are 'Terrible'
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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the Elmendorf chart in the context of economic deficits?
It predicts future stock market trends.
It compares different countries' economic policies.
It illustrates the persistent $1 trillion deficits.
It shows the historical GDP growth rates.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the Reagan era, what were the two main reasons for the sharp increase in deficits?
Increased military spending and tax cuts.
Recession and tax bracket adjustments for inflation.
Rising healthcare costs and education spending.
High unemployment rates and trade deficits.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Paul Volcker's actions impact inflation during the Reagan years?
He maintained inflation at a steady rate.
He succeeded in reducing inflation faster than expected.
He failed to control inflation effectively.
He increased inflation rates significantly.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the projected national debt to GDP ratio in the next 10 years according to the Congressional Budget Office?
150%
77%
50%
100%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the proposed plan for funding infrastructure spending?
Cutting other government programs to reallocate funds.
Increasing taxes to cover all costs.
Using a mix of federal, state, local, and private investments.
Relying solely on federal government funding.
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