Net exports of goods are known as
A. the current account.
B. the financial account.
C. the balance of payments.
D. the trade balance.
Answer: D
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Refer to the figure above. In autarky, the economy would be in general equilibrium at point
A) I. B) D. C) E. D) F.
If there is excess demand in the loan able fund market?
A. Interest rates are above equilibrium B. Interest rates are below equilibrium C. Can be expected to rise D. A & C E. B & C
In the Keynesian-cross analysis, if the consumption function is given by C = 100 + 0.6(Y - T), and planned investment is 100, G is 100, and T is 100, then equilibrium Y is:
What will be an ideal response?
George buys an antique car for $20,000 and sells it five years later for just over $24,000. George's per-year rate of return is:
A. 20 percent. B. 12 percent. C. 10 percent. D. 4 percent.