Question 1 It is possible for a country to have a high positive national debt and also have a large budget surplus.

Question 1 It is possible for a country to have a high positive national debt and also have a large budget surplus.

True or False

Question 2 If an economy is 2 percent below the long-run Solow growth rate, the federal government can offset a recession with a 2 percent increase in discretionary spending.

True or False

Corporations ultimately bear the entire burden of the corporate income tax.

True or False