Refer to the table above. The private sector balance is a
A) $700 billion surplus.
B) $400 billion deficit.
C) $700 billion deficit.
D) $2,900 billion deficit.
E) $2,900 billion surplus.
C
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If the actual money multiplier equals the potential money multiplier and if the Fed wishes to reduce the money supply by $1 million when the reserve ratio is 20 percent, then the Fed should
A) sell $200,000 of government securities. B) sell $500,000 of government securities. C) buy $200,000 of government securities. D) buy $500,000 of government securities.
How does the government determine the quota amount that will produce an efficient use of a common resource?
What will be an ideal response?
Other things the same, when the price level rises, interest rates
a. rise, which means consumers will want to spend more on homebuilding. b. rise, which means consumers will want to spend less on homebuilding. c. fall, which means consumers will want to spend more on homebuilding. d. fall, which means consumers will want to spend less on homebuilding.
Figure 17.1 depicts a firm's marginal revenue product curve. If the firm maximizes its profit and the hourly wage is $15, how many hours of labor will the firm demand?
A. smaller than 30 hours B. between 30 hours and 40 hours C. between 40 hours and 50 hours D. greater than 50 hours