Which of the following correctly illustrates the leakages–injections approach to GDP?
a. DI + (NT) = C + I + G + (X ? M)
b. S + C + NT = DI
c. S + C + (NT) = I + G + (X ? M)
d. S + (NT) + M = I + G + X
e. S + (NT) = I + G + (X ? M)
d
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
What does the slope of the credit supply curve imply? When do movements along a credit supply curve occur?
What will be an ideal response?
Using the values in the table above, and assuming that the real interest rate equals 4, calculate equilibrium values for consumption, household saving, investment, and net exports. Use these values to confirm that the goods market is in equilibrium
What will be an ideal response?
Around 1910, the ______________ changed everything, including what was inside the home to where the homes were located
a. Airplane b. Radio c. Automobile d. Television