In the equation 
, what is the estimated value of 
?
A. 
B. 
C. 
D. 
Answer: A
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Use the following table to answer the next question.All figures below are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$240$244250250260256270262280268290274300280310286320292When there is no investment in this private closed economy (an economy with only a private sector and no international trade), the equilibrium level of real GDP will be
A. $240 billion. B. $270 billion. C. $260 billion. D. $250 billion.
Everything else held constant, a balanced budget increase in government spending (that is, an increase in government spending that is matched by an identical increase in net taxes) will
A) increase aggregate demand, but not by as much as if just government spending increases. B) increase aggregate demand by more than if just government spending increases. C) not affect aggregate demand. D) decrease aggregate demand.
The Monetary Control Act of 1980 extended the Fed's authority to:
a. control the discount rate. b. impose required-reserve ratios on all depository institutions. c. All of the answers are correct. d. control the federal funds rate.
Generally speaking, ________ starts out negative, turns positive, then approaches zero near the end of life.
A. income B. wealth C. consumption D. all of the above