A budget surplus would be associated with GDP level:
Refer to the graph above.
A. H
B. J
C. K
D. L
D. L
You might also like to view...
The least scrutiny of management’s operations occurs when ____ is the method used to obtain corporate financing.
A. stock issue B. bond issue C. plowback D. watering
When an American buys a Swedish financial asset,
a. both c and d b. the U.S. balance of goods and services worsens c. the U.S. capital account balance declines d. the U.S. balance of payments worsens e. the U.S. trade balance worsens
If the total production of final output in a nation is rising and the general price level is also rising, then the nation’s real GDP will be rising faster than its nominal GDP.
Indicate whether the statement is true or false.
The labels for the axes of an aggregate supply curve should be:
A. Real domestic output for the vertical axis and price level for the horizontal axis B. Real domestic output for the horizontal axis and price level for the vertical axis C. Real employment for the vertical axis and price level for the horizontal axis D. Aggregate demand for the vertical axis and real national output for the horizontal axis