During the 1990s, which of the following did NOT occur?
A) Private savings fell.
B) Investment rose.
C) The United States received capital inflows.
D) Private savings was greater than investment for most of the 1990s.
D
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A government is running a budget deficit if:
A. government revenue exceeds government spending. B. imports exceed exports. C. exports exceed imports. D. government revenue is less than government spending.
The Greenbackers may be characterized fairly as inflationists
Indicate whether the statement is true or false
The reward offered to households to refrain from spending their income on current consumption and instead save their income is
a. rent b. credit c. utility d. interest e. forgone utility
Which of the following would cause the level of income to change by the greatest amount, ceteris paribus?
A. A reduction in personal income taxes of $10 billion. B. An increase in Social Security payments of $10 billion. C. An increase in defense spending of $10 billion. D. All of the other choices have equal impacts on the level of income.