The savings rate in an economy equals:
A) aggregate savings divided by GDP. B) GDP minus aggregate consumption.
C) GDP divided by aggregate savings. D) aggregate savings multiplied by GDP.
A
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Which of the following will increase the supply of a product?
A) an increase in the price of the product B) an increase in the demand for the product C) an increase in the number of sellers D) a decrease in the demand for the product E) an increase in the price of inputs
When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of:
a. World War II. b. the Vietnam War. c. the Bush economic recovery program. d. the Reagan defense buildup and tax cut.
According to 2014 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the highest unemployment rate?
a. white males b. white females c. black males d. black females
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease