In a classical model
A. equilibrium real GDP is neither determined by aggregate supply nor by aggregate demand.
B. equilibrium real GDP is determined by both aggregate supply and aggregate demand.
C. equilibrium real GDP is determined by the government.
D. equilibrium real GDP is supply determined.
Answer: D
Economics
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Refer to the scenario above. The principal in this case is ________
A) $10 B) $300 C) $3,000 D) $3,300
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Over a decade or longer, a government budget deficit
A) reduces national saving and stimulates economic growth. B) reduces national saving and economic growth. C) increases national saving and economic growth. D) increases national saving and decreases economic growth.
Economics