In the economy of Talikastan in 2015, consumption was $3000, exports were $1200, GDP was $8000, government purchases were $1200, and imports were $600 . What was Talikastan's investment in 2015?
a. $3200
b. $5600
c. $2000
d. $4400
a
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What made the recession of 2007-2009 different than any other recession since the Great Depression?
A) the government did not implement a fiscal stimulus B) the Fed failed to reduce interest rates C) it was accompanied by a financial crisis D) the impact was primarily limited to the financial sector
In the long run, money demand and money supply determine
a. the value of money and the real interest rate. b. the value of money but not the real interest rate. c. the real interest rate but not the value of money. d. neither the value of money nor the real interest rate.
The system of resource allocation in the United States is a
a. pure market system b. market system with elements of tradition and command c. market system with elements of tradition, but not command d. traditional system with elements of market, but not command e. pure tradition system
One way to measure national debt over time is debt relative to:
a. the cash flow of the banking system. b. the economy's production and income. c. credit sales of consumer durables over a year. d. national home sales in large cities.