Savings for an economy is equal to:
A. private savings ? public savings.
B. public savings ? private savings.
C. private savings + public savings.
D. investment ? net exports.
C. private savings + public savings.
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
The deficit is financed through new taxes
a. True b. False
Which of the following countries has the largest quota subscription at the IMF?
A) Japan B) Russia C) United States D) India
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.