The national debt O decreases when the government runs a budget deficit. O is the total amount of government debt outstanding. O equals tax revenues plus outlays. O equals tax revenues minus outlays....

Extracted text: The national debt O decreases when the government runs a budget deficit. O is the total amount of government debt outstanding. O equals tax revenues plus outlays. O equals tax revenues minus outlays. O grows when the government runs a budget surplus.


Extracted text: Demand-pull inflation starts with a shift of the O potential GDP line leftward. O AS curve leftward. O AS curve rightward. O AD curve rightward. O AD curve leftward.