Over the 1980 and 1990s, countries that were given large amounts of aid:
A. experienced mixed impacts on their GDP growth.
B. experienced growth of 1 percent regardless of the policy in place.
C. saw GDP shrink by 1 percent regardless of the policy in place.
D. saw GDP shrink by 1 percent even if they had sound policy in place.
Answer: A
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
"Crowding out" is the theory that an increase in our federal government's budget deficit will likely:
a. increase the national debt. b. increase interest rates. c. decrease borrowing by households and businesses d. reduce the impact of the spending multiplier implies because of crowding out. e. all of these.
For each of the following pairs of products, state which are complements, which are substitutes, and which are unrelated
a. House plants and potato chips b. Eyeglasses and contact lenses c. Motorcycles and gasoline d. Smartphones and smartphone apps e. Red wine and white wine
Refer to the information provided in Table 24.1 below to answer the question(s) that follow.Table 24.1
Refer to Table 24.1. At an output level of $2,000 billion, the value of saving
A. cannot be determined from the given information. B. is $300 billion. C. is $200 billion. D. is $100 billion.