Autonomous spending rises by $10 billion and Real GDP rises by $50 billion. What does the marginal propensity to save equal?
A) 0.10
B) 0.20
C) 0.80
D) 0.90
E) 0.50
B
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A person 16 years or older who does not work, but is actively looking for work, is officially classified as:
A. chronically unemployed. B. employed. C. out of the labor force. D. unemployed.
Most of the unemployment experienced during the Great Depression was
a. cyclical. b. structural. c. seasonal. d. functional.
In order to calculate the real deficit, economists need to know the:
A. rate of inflation, the debt, and the nominal deficit. B. rate of inflation and the debt. C. nominal deficit and the rate of inflation. D. rate of inflation, the debt, and the real interest rate.
When expenditures change due to changes in the real value of money caused by variations in the price level, this is known as the
A. interest rate effect. B. real-balance effect. C. open economy effect. D. aggregate balances effect.