In an economy with no government or foreign sector, which of the following always holds true, ex-post?
A) Consumption equals investment.
B) Velocity equals money demand.
C) Saving equals consumption.
D) Saving equals investment.
D
Economics
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Keynesian economics refers to the perspective that the business cycle represents
A) equilibrium. B) disequilibrium. C) long-run macroeconomic fluctuations. D) short-run macroeconomic stability.
Economics
According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A) less than 1 year B) 5 years C) 14 years D) 35 years
Economics