Debt service payments appear in
(a) the current account.
(b) the capital account.
(c) the cash account.
(d) errors and omissions.
A
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Total government spending in the U.S. economy was around _____ of the GDP in the financial year 2010
a. 5 percent b. 36 percent c. 25 percent d. 44 percent e. 16 percent
The Phillips curve
a. was a single curve and relatively well-defined for the 1960s b. demonstrates how to achieve stable economic growth c. shows the trade-off between deficits and inflation d. relates the interest rate to investment e. becomes vertical at full employment
In an oligopoly
A) firms will attempt to differentiate their products. B) the market demand curve is kinked. C) firms will match all price decreases of another but will not match price increases. D) all of the above
Refer to the information provided in Table 23.10 below to answer the question(s) that follow. Table 23.10
Refer to Table 23.10. Planned investment equals actual investment at
A. all income levels. B. an income level of $2,800 million. C. all income levels below $2,800 million. D. all income levels above $2,800 million.