The relationship between planned real consumption expenditures of households and their current level of real disposable income is

In the balance of payments, a deficit item is any transaction

A) that leads to a receipt by a resident of a country or its government. B) that leads to a payment by a resident of a country or its government. C) that is an export of a good or service. D) that makes residents of a country worse off.

Expansionary fiscal policy ________ the price level and ________ equilibrium real GDP

A) decreases; increases B) increases; decreases C) increases; increases D) decreases; decreases