Assume there is a decrease in government purchases and exports. Currently there is a recessionary gap, which implies that
A. Desired spending is greater than output.
B. Inventories are accumulating.
C. Investment is greater than saving.
D. Inventories are being depleted.
Answer: B
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The current deficit is
A) the deficit minus government investment. B) the deficit plus net interest payments. C) the deficit minus current expenditures. D) the deficit minus depreciation.
The demand for real estate derives from the need that market participants (e.g., owner occupants, tenants, renters) have for shelter and convenient access to other locations. This competition for physical location and space occurs in the:
A. User Market B. Capital Market C. Government Sector D. Property Market
Norway is a country that currently exceeds the U.N.'s Millennium Aid Goal for donor country's contribution of GDP.
Answer the following statement true (T) or false (F)
How does conventional monetary policy work in the short run?
A. Fed sets target FFR, open market operations, bank reserves and money supply changes, market FFR and other short run interest rates change, consumption changes, and AD changes B. fed prints money, inflation increases, money loses value