Suppose that India has a government budget surplus, and then goes into deficit. This change would
a. increase India's national saving and shift its supply of loanable funds left.
b. increase India's national saving and shift its demand for loanable funds right.
c. decrease India's national saving and shift its supply of loanable funds left.
d. decrease India's national saving and shift its demand for loanable funds right.
c
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If workers sit idly by for a portion of their workday, but are still employed, ________
A) the negative productivity shock has no effect on output B) it is unlikely that a decrease in aggregate demand is the cause C) aggregate data may create a false illusion of a negative productivity shock D) a negative productivity shock is the most plausible explanation
The inflation rate is the
a. absolute change in real GDP from one period to another. b. percentage change in real GDP from one period to another. c. absolute change in the price level from one period to another. d. percentage change in the price level from one period to another.