In 2011, the federal government spent 9 percent of the budget on net interest. Which of the following statements regarding net interest is correct?
a. If the government pays down its debt, the amount of the budget needed for net interest decreases.
b. If the government accrues more debt, the amount of the budget needed for net interest increases.
c. In 2011, the federal government spent 325 billion dollars to cover interest payments on its loans.
d. All of the above are correct.
d
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In an open economy, the quantity supplied of bushels of corn is ________. 
A. 300 million bushels B. 600 million bushels C. 900 million bushels D. 150 million bushels
Grant Gant was a doctor in 1944 and earned $12,000 that year. His daughter, Gretta Gant, is a doctor today and she earned $210,000 in 2005. The price index was 17.6 in 1944 and 184 in 2005.
Grant Gant's 1944 income in 2005 dollars is a. $1,147.83. b. $113,454.55. c. $125,454.55. d. $1,996,800.00.
If the price per barrel of Crude decreases in the international market, then this event would most likely:
a. Increase aggregate demand in the United States b. Increase aggregate supply in the United States c. Decrease aggregate supply in the United States d. Decrease aggregate demand
The expenditure multiplier is typically
A) equal to 1. B) greater than 1. C) negative. D) less than 1 but greater than 0. E) greater than 10.