Refer to the information provided in Table 21.7 below to answer the question(s) that follow. Table 21.7
Refer to Table 21.7. The value for national income in billions of dollars is
A. 710.
B. 750.
C. 800.
D. 825.
Answer: D
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The Keynesian demand for real balances can be expressed as
A) Md = f(i,Y). B) Md/P = f(i). C) Md/P = f(Y). D) Md/P = f(i,Y).
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
a. budget deficit. b. budget surplus. c. national debt. d. trade deficit.
Which type of goods is most adversely affected by recessions?
A. Goods for which the income elasticity coefficient is relatively low or negative. B. Goods for which the income elasticity coefficient is relatively high and positive. C. Goods for which the cross elasticity coefficient is positive. D. Goods for which the cross elasticity coefficient is negative.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.