According to the equation of exchange, the total amount of funds spent on final ______ is equal to the total amount of funds received for the final ______.
a. output; input.
b. output; output.
c. input; output
d. input; input
b. output; output.
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Explain what is meant by the phrase a bank's "balancing act."
What will be an ideal response?
The health care system in Japan is referred to as ________, under which every resident of Japan is required to enroll in either a private, or the government-provided, health insurance program
A) an out-of-pocket system B) a single-payer health care system C) a universal health insurance system D) socialized medicine
GDP can be used to measure both short-term changes (i.e., over several months) and long-term changes in economic activity
a. True b. False
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease