Along an IS curve as interest rates __________, income must be __________ so that saving, which is a positive function of income, can be lower to equal the smaller level of investment

Refer to Table 18.1. The opportunity cost of a hat in Russia is

A) 1/3 of a glove. B) 1/2 of a glove. C) 2 gloves. D) 3 gloves.

With inflation of 5 percent, real GDP growth of 3 percent, and an outstanding national debt of $3400 billion, the "allowable deficit" that holds the debt-GDP ratio constant is

A) $272 billion. B) $68 billion. C) $170 billion. D) $175.1 billion. E) $510 billion.