By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP.
B. to just under $500 billion.
C. to $800 billion.
D. down to 80 percent of GDP.
A. to 104 percent of GDP.
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The formula for the deposit expansion multiplier =
A) 1 x required reserve ratio. B) 1 / required reserve ratio. C) 10 x required reserve ratio. D) 10 / required reserve ratio.
The following would cause an upward shift in the C + I + G + X curve EXCEPT
A) an increase in disposable income. B) an increase in export spending. C) a decrease in import spending D) an increase in household wealth.
As actual output falls below the potential level in the short run, which of the following is most likely to occur? a. More resources will become unemployed. b. The price level will increase
c. Real GDP will increase. d. Nominal GDP will remain constant. e. The natural rate of unemployment will fall.
Command-and-control policies lead to higher prices for consumers than pollution taxes do.
Answer the following statement true (T) or false (F)