(Advanced analysis) If S = -60 + .25Y and I g = 60, where S is saving, I g is gross investment, and Y is gross domestic product (GDP), then the equilibrium level of GDP is:
A. $200.
B. $320.
C. $360.
D. $480.
D. $480.
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(a) continuous casting integrated mills. (b) the Basic Oxygen furnace. (c) electric furnaces. (d) open hearth furnaces.
The federal government awards a patent holder the exclusive right to make, use, and sell an invention for a period of
A) 20 years. B) 17 years. C) unlimited period. D) 100 years.
The least liquid of the following assets is
a. cash in the hands of the public b. time deposits c. savings accounts d. travelers' checks e. demand deposits
In Monetarist theory, the role of the government should be to:
a. Use fiscal policies to ensure that aggregate demand is sufficient to meet aggregate supply. b. Control prices. c. Seek to raise productivity by setting up and enforcing fair rules of behavior, encouraging competitive markets, imposing reasonable taxes, and creating stable and predictable political environments. d. All of the above. e. None of the above.