In the market for loanable funds in an open economy, the supply of loanable funds:
A. can come from domestic savers or savers abroad.
B. is equal to national savings.
C. is equal to private savings.
D. is equal to public savings.
B. is equal to national savings.
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How do we calculate the inflation rate and what is its relationship with the CPI?
What will be an ideal response?
The total public debt as a percentage of GDP for the United States in 2011 was in the vicinity of
a. 25 percent. b. 70 percent. c. 90 percent. d. 120 percent.
The economy of the United States would best be classified as:
a. closed economy b. socialism c. command economy d. A market system
If Utopia has a closed economy, the number of cases of tile consumed each is ________ per year, and if it has an open economy the number of cases of tile consumed is ________ per year.
A. 300; 450 B. 300; 200 C. 200; 450 D. 450; 200