Which of the following represents the relationship between disposable income (DI), consumption (C), and saving (S)?
A) DI = C * S
B) DI + C = S
C) DI = C - S
D) DI = C + S
D
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Use the following diagram to answer the next question.
Suppose the economy currently can be described by NX3. What can we conclude?
A. Both imports and exports are negative. B. Exports are negative and imports are positive. C. The value of exports exceeds the value of imports. D. The value of imports exceeds the value of exports.
In the figure above, if the interest rate is 8 percent, people demand $0.1 trillion
A) less money than the quantity supplied and the interest rate will rise. B) less money than the quantity supplied and the interest rate will fall. C) more money than the quantity supplied and the interest rate will fall. D) more money than the quantity supplied and the interest rate will rise.
Assets that the IMF created to be used by countries to settle international payment obligations are called
A) capital intervention accounts. B) foreign currency reserves. C) gold reserves. D) special drawing rights.
Budget lines: a. are typically positively sloped
b. are typically negatively sloped. c. often have the same slope as indifference curves. d. are generally horizontal.