The goods market equilibrium condition in an open economy shows that
A) NX = Sd - Id.
B) Sd = NX - Id.
C) Sd = Id - NX.
D) Sd = Id.
A
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
In the above figure, the relationship between the tax rate and tax revenue is positive and becoming less steep between tax rates of
A) 0 percent and 30 percent. B) 30 percent and 100 percent. C) 0 percent and 100 percent. D) None of the above answers are correct.
Suppose the marginal propensity to consume is 0.75. A $150 billion increase in government spending shifts the IS curve
A) to the right by $50 billion. B) to the left by $50 billion. C) to the left by $600 billion. D) to the right by $600 billion.
The United States ran a trade deficit in 40 of the 45 years in which period?
a. 1800–1845 b. 1831–1875 c. 1845–1899 d. 1856–1900