Refer to the table above. If planned investment is $25 billion, the equilibrium level of GDP will be:
The data below are for a private (no government) closed economy. All figures are in billions of dollars.
A. $600 billion
B. $620 billion
C. $640 billion
D. $660 billion
C. $640 billion
You might also like to view...
In the above figure, the slope across the arc between b and c is
A) 1/2. B) 2/3. C) 1. D) 2.
If the quantity demanded of hamburgers increases by 20 percent when the price decreases by 5 percent, then the price elasticity of demand is
A) 0.25. B) 4.0. C) 20.0. D) 5.0.
What is a risk premium?
What will be an ideal response?
Which of the following statements best describes the central bank response to inflation?
a. If inflation threatens, the central bank uses expansionary monetary policy to reduce the supply of money, reduce the quantity of loans, raise interest rates, and shift aggregate demand to the right. b. If inflation threatens, the central bank uses expansionary monetary policy to reduce the supply of money, reduce the quantity of loans, raise interest rates, and shift aggregate demand to the left. c. If inflation threatens, the central bank uses contractionary monetary policy to reduce the supply of money, reduce the quantity of loans, raise interest rates, and shift aggregate demand to the right. d. If inflation threatens, the central bank uses contractionary monetary policy to reduce the supply of money, reduce the quantity of loans, raise interest rates, and shift aggregate demand to the left.