Deficit targeting acts as an automatic stabilizer.
Answer the following statement true (T) or false (F)
False
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You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have
A) money = $300, annual income = $6,000, and wealth = $5,000. B) money = $2,300, annual income = $6,000, and wealth = $5,000. C) money = $300, annual income = $6,000, and wealth = $4,300. D) money = $200, annual income = $500, and wealth = $4,300.
Which of the following is not evidence of the lower standard of living among less-developed countries?
a. High per capita real GDP. b. High percentage of households headed by females. c. High infant mortality rate. d. Low life expectancy. e. High birth rate.
Exhibit 9-5 Keynesian aggregate expenditures model where the MPC is 0.75
?
To eliminate the GDP gap shown in Exhibit 9-5, the government should cut its spending by:
A. $0.5 trillion. B. $1 trillion. C. $1.5 trillion. D. $2 trillion.
Which type of exchange rate system minimizes external shocks to an economy?
What will be an ideal response?