According to the classical system, saving is a function of
a. income.
b. the real interest rate.
c. the real wage.
d. the profitability of firms.
e. all of the above.
B
Economics
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If the Fed sells U.S. government securities,
A) the U.S. Treasury loses some revenue. B) the U.S. Treasury gains some revenue. C) banks' reserves increase. D) the federal funds rate rises. E) None of the above answers is correct.
Economics
A contractionary fiscal policy is likely to
A) reduce a government budget deficit and reduce borrowing by the Treasury. B) increase a government budget deficit and increase borrowing by the Treasury. C) reduce a government budget deficit and increase borrowing by the Treasury. D) increase a government budget deficit and reduce borrowing by the Treasury.
Economics