According to the Ricardo-Barro effect, a government budget
A) deficit decreases private saving supply.
B) surplus decreases private investment demand.
C) deficit increases private saving supply.
D) surplus increases private saving supply.
E) deficit decreases private investment demand.
C
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Gross Domestic Product is the market value of all ________ produced within a country in a given period of time
A) final goods B) intermediate goods C) final services D) intermediate services E) final goods and services
What is the price elasticity of demand? How is the price elasticity of demand calculated?
What will be an ideal response?
You hold an FDIC insured savings account at your neighborhood bank. Your current balance is $275,000. If the bank fails you will receive:
A. $125,000. B. $250,000. C. $275,000. D. $100,000.
An economy in which individual people and firms pursue their own self-interest without any central direction or regulation is a(n)
A. invisible-hand economy. B. private-sector economy. C. command economy. D. laissez-faire economy.