The United States became a debtor nation in
A. 1975.
B. 1982.
C. 1985.
D. 1990.
C. 1985.
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Critics of stabilization policy argue that
a. policy affects aggregate demand quickly, but the effects on aggregate demand are long-lived. b. policy affects aggregate demand with a lag, and the effects on aggregate demand are long-lived. c. policy affects aggregate demand with a lag, but the effects are short-lived. d. policy does not affect aggregate demand.
If the marginal propensity to consume ( MPC) is 0.5, the value of the multiplier is
A. 4 B. 3 C. 2 D. 5
Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50 percent, this will lead to a maximum increase of ________ in M1 throughout all banks.
A. $0 B. $21,000 C. $42,000 D. $84,000
Which of the following is included in G?
A) medicare B) social security payments C) interest payments on the government debt D) government purchases E) all of the above