Savings is considered the portion of income:
A. that is not immediately spent on consumption of goods and services.
B. that is spent on productive inputs, such as factories, machinery, and inventories.
C. that is placed in an individual's savings account.
D. in any interest-bearing account.
A. that is not immediately spent on consumption of goods and services.
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An increase in the inflation rate will lead to a ________ nominal interest rate, which will ________ the debt-to-GDP ratio
A) higher; raise B) higher; reduce C) lower; raise D) lower; reduce
Of these policies, which is the best example of constrained discretion?
A) the annual federal budget deficit shall not exceed three percent of the GDP B) the growth rate of the money supply shall be between two percent and five percent C) macroeconomic policies shall promote rapid economic growth and low inflation D) macroeconomic policies shall aim to keep inflation — on average over each five-year interval — within a range of two percent to four percent
The demand for money in an economy is high when the _____
Fill in the blank(s) with the appropriate word(s).
Which of the following was a main economic policy goal of the Soviet Union?
A. Deindustrialization B. National self-sufficiency C. Export promotion D. Privatization