In which of the following years was a tax cut ineffective in stimulating aggregate demand?
a. 1964
b. 1975
c. 1981
d. 1999
b
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A creditor nation means a nation
A) whose exports exceed its imports. B) whose current account is larger than its capital account. C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world. D) who through its history has invested more in the rest of the world than other countries have invested in it.
Given whatever income they have, consumers make consumption choices to maximize the
a. total utility of the goods they consume b. marginal utility of the goods they consume c. average utility of each good they consume d. number of goods they buy e. prices of goods they buy
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. Injections = leakages
A. when consumption = saving. B. at equilibrium. C. when output = investment. D. when income = zero.
A depreciation in a country's currency will immediately reduce its trade deficit.
Answer the following statement true (T) or false (F)