In 2015, government purchases were the largest component of U.S. GDP
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If an asset can be obtained or disposed of without much risk of losing its nominal value, it is said to be
A) valuable. B) wealth. C) fiduciary. D) liquid.
An example of an implicit cost of production is: a. the cost of raw materials used to produce bread in a bakery
b. the cost of labor in a factory that assembles DVD players. c. the income an entrepreneur could have earned working for someone else. d. all of the above.
If the fiscal policy makers aim to increase aggregate demand, they will likely enact:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. expansionary monetary policy. D. contractionary monetary policy.
If the deposit expansion multiplier is 20, what is the reserve requirement in the banking system?
a. 20 percent b. 50 percent c. 2 percent d. 5 percent e. 10 percent