Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
Refer to Table 24.3. At an output level of $1,200 billion, there is an unplanned inventory change of
A. zero.
B. positive $100 billion.
C. negative $200 billion.
D. positive $200 billion.
Answer: C
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A bank holding company is: a. a conglomerate that owns a bank to service the other businesses it owns. b. a loose federation of private banks that holds assets in common
c. a corporation that owns one or more banks. d. a bank that is owned by the depositors. e. a subsidiary of a major corporation.
Investment spending is a stock variable
a. True b. False
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.
The recession of 2007-2009 began in ________, with the end of the economic expansion that had begun in ________
A) July 2007; August 2006 B) January 2007; April 1984 C) December 2007; November 2001 D) March 2007; March 1995