A surplus federal budget in the short run:
a. boosts domestic saving and stimulates aggregate demand.
b. dampens aggregate demand but boosts domestic saving.
c. reduces national saving and dampens aggregate demand.
d. stimulates aggregate demand but reduces national saving.
b
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Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals
A) 0.2. B) 0.4. C) 0.5. D) 2.5.
The most vocal political pressure for tariffs is generally made by
A) consumers lobbying for export tariffs. B) consumers lobbying for import tariffs. C) consumers lobbying for lower import tariffs. D) producers lobbying for export tariffs. E) producers lobbying for import tariffs.
The largest group of saver-lenders in the financial system is
A) businesses. B) government. C) households. D) financial intermediaries.
According to figure 1.1, the favorite explanation for continuing poverty in America was "lack of effort" by the poor
Indicate whether the statement is true or false