During the 1990s the household savings rate in the United States as measured by NIPA
A) increased dramatically from two percent to almost six percent.
B) fell sharply and was only 0.7% by the year 2004.
C) increased only slightly because the federal budget deficit was finally eliminated.
D) fell to two percent when a federal budget surplus appeared.
B
Economics
You might also like to view...
What are Eurobanks and how are they different from domestic banks?
What will be an ideal response?
Economics
The official Federal Reserve strategy for implementing its monetary policy objectives is spelled out in the
A) Federal Reserve Board (FRB) Decree. B) Federal Reserve Bank Cooperative (FRBC) Proposal. C) Federal Advisory Committee (FAC) Statement. D) Federal Open Market Committee (FOMC) Directive.
Economics