Which of these is a lagging economic indicator?

In the savings function S = -725 + 0.25y, 0.25 is the

A) MPS. B) slope of the consumption function. C) MPC. D) vertical intercept of the savings function.

Which of the following monetary policies would be appropriate to close a recessionary gap?

a. A tax cut b. A decrease in government purchases c. An increase in reserve requirements d. The Fed's purchase of U.S. government securities e. The Fed's raising the discount rate