From 2004 to 2006, the Japanese budget was ________, private saving was ________ domestic investment, and foreign lending ________
A) in deficit, greater than, moderate
B) balanced, roughly equal to, negligible
C) balanced, less than, moderate.
D) surplus, greater than, negligible
A
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American households spend about ____ of the average family budget on services, with the rest spent on goods.
A. one-half B. two-thirds C. one-quarter D. one-tenth
As was demonstrated in 2007, firms in the shadow banking system
A) were very vulnerable to bank runs. B) were protected from financial ruin by federal deposit insurance. C) were more insulated from the financial crisis than were commercial banks. D) were well insulated from bank runs.
Refer to Table 8-27. What is the level of personal income for this economy?
A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion
Refer to Figure 5-6. What is the economically efficient output level?
A) Q1 + Q2 B) Q2 C) Q2 - Q1 D) Q1