At the $180 billion equilibrium level of income, saving is $38 billion in a private closed economy. Planned investment must be:
A. $138 billion.
B. $126 billion.
C. $38 billion.
D. $180 billion.
C. $38 billion.
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The above figure shows the market for 2 bedroom town homes in San Diego. If a rent ceiling is set at $1,000 per month, what is the maximum rent someone is willing to pay in the black market?
A) $1,300 per month B) $1,000 per month C) $900 per month D) $1,100 per month E) $1,400 per month
The government's authority to take private property for public use is referred to in economics as a land grab
Indicate whether the statement is true or false
In which case(s) does(do) a country's demand for loanable funds shift right?
a. both an increase in the budget deficit and capital flight b. an increase in the budget deficit, but not capital flight c. capital flight, but not an increase in the budget deficit d. neither an increase in the budget deficit nor capital flight
The object of inflation targeting is for a country's central bank to try to keep the inflation rate near
A) the country's historical average economic growth rate. B) some predetermined level. C) the country's historical average inflation rate. D) the country's historical average unemployment rate.