Order the answer to: A debate that regularly occurs in Congress concerns raising the debt ceiling, allowing the U.S. gove

Academic Help economy Order the answer to: A debate that regularly occurs in Congress concerns raising the debt ceiling, allowing the U.S. gove

economy

Order the answer to: A debate that regularly occurs in Congress concerns raising the debt ceiling, allowing the U.S. gove

Question A debate that regularly occurs in Congress concerns raising the debt ceiling, allowing the U.S. government to continue paying its obligations. A few years ago, one politician proposed that instead of raising the debt ceiling, the U.S. Treasury should just mint a 1-trillion-dollar coin and use it to “pay off” the federal deficit. If such a coin were to be minted, what would be the potential effects on inflation? O In the long-run, circulation of the mint will lead to inflation In the long-run, circulation of the mint will lead to deflation. In the long-run, circulation of the mint will lead to stagflation. In the long-run, circulation of the mint will lead to hyperinflation. An economy has a population of 226,500, of whom 12,500 are unemployed and actively seeking work, and 35,000 have given up looking for a job. Also, 28,000 people work part-time, and 151,000 people work full-time. This economy's unemployment rate is 21.1% 21.0% 7.0% 5.5%
Subject economy
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