What is the source of the supply of loanable funds in the open-economy macroeconomic model?
national saving
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Refer to Figure 16-1. An increase in taxes would be depicted as a movement from ________, using the static AD-AS model in the figure above
A) C to D B) E to B C) B to C D) A to B E) B to A
The aggregate demand curve is directly derived from the expenditures schedule.
Answer the following statement true (T) or false (F)
As fiscal consolidation takes place, the central bank should
A) decrease the policy rate. B) increase the policy rate. C) increase inflation rate. D) decrease money supply.
In an economy experiencing a growing stock of capital:
A. gross private domestic investment is greater than depreciation. B. nominal GDP is rising and real GDP is falling. C. nominal GDP is rising and real GDP is constant. D. depreciation is greater than gross private domestic investment.