If U.S. citizens decide to save a smaller fraction of their incomes, U.S. domestic investment
a. increases, and U.S. net capital outflow increases.
b. increases, and U.S. net capital outflow decreases.
c. decreases, and U.S. net capital outflow increases.
d. decreases, and U.S. net capital outflow decreases.
d
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How do the hierarchical and dual mandates differ in terms of macroeconomic consequences?
What will be an ideal response?
Because the United States has had substantial deficits in goods and services, it has also necessarily had surpluses in
a. the federal budget. b. the sales of assets. c. the sales of military goods. d. its gold supplies.
A shift in aggregate supply is likely to:
a) Reduce the general price level and reduce national income b) Reduce the general price level and increase national income c) Increase the general price level and reduce national income d) Increase the general price level and increase national income
Neither intermediate goods nor used goods are included in GDP. Explain why these expenditures are not included in GDP
What will be an ideal response?