Purchasing power parity (PPP) measurements of income are a way to make international comparisons by correcting for national differences in

According to the Application, economist John B. Taylor found that the temporary tax cuts which were a part of the 2009 stimulus package

A) were primarily used to pay off home mortgage balances. B) were split very evenly between consumption spending and household saving. C) were very successful in stimulating consumption spending. D) did very little to stimulate consumption spending.

If expectations about future income change, there is

A) a decrease saving if people expect income to decrease in the future. B) a decrease in saving if people expect income to increase in the future. C) an increase in saving if people expect income to increase in the future. D) no change in saving until income actually changes. E) a change in the quantity of loanable funds supplied and a movement along the supply of loanable funds curve.