Which of the following both shift aggregate-demand curve to the left?
a) net exports rise for some reason other than a price change and taxes increase.
b) net exports rise for some reason other than a price change and government purchases rise.
c) net exports fall for some reason other than a price change and government purchases fall.
d) net exports fall for some reason other than a price change and taxes fall.
Ans: c) net exports fall for some reason other than a price change and government purchases fall.
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Suppose in the beginning of 2013, a country has a national debt of $5,000 billion. Its GDP in 2013 is $20,000 billion and its budget surplus of $130 billion. Compute its debt-GDP ratio at the end of the year.
A) 2.6% B) 25.0% C) 24.4% D) 6.5%
Which of the following are depository institutions?
A) The Federal Reserve Banks of New York and Chicago B) The U.S. Treasury and the IRS C) Banks and thrifts D) Investment banks and finance companies