Refer to Scenario 21-1. Based on the information above, what is the level of private saving in the economy?
A) $3 trillion B) $4 trillion C) $5 trillion D) $8 trillion
A
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Contractionary monetary policy causes
A) aggregate demand to fall and the price level to rise. B) aggregate demand to rise and the price level to rise. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to fall.
According to the Keynesians,
a. an easy-fiscal tight-monetary policy reduces the trade deficit, such as what occurred during the 1980s. b. an easy-fiscal tight-monetary policy mix affects the composition of output by encouraging imports of foreign goods and discouraging U.S. exports, as was experienced during the 1980s. c. there was not a link between the rising government budgetary deficit and the rising trade deficit during the mid-1980s. d. budget deficits and trade deficits should not be a source of concern
You purchased an automobile a year ago for $10,000 . Its current market price is $6,000 . and the expected market value one year from now is $4,000 . If the interest rate is 10 percent, how much will it cost you to keep the car for an additional year (over and above operation and maintenance costs)?
a. $2,000 b. $2,600 c. $4,000 d. $6,000
All of the following are income in kind EXCEPT
A. government provided housing. B. goods produced in the home. C. tips received by a waitress. D. government provided education.