National output and national income are essentially the same because
A) every purchase implies a sale.
B) every cost implies a benefit.
C) every profit implies a loss.
D) every gain implies a sacrifice.
A
Economics
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The principal mechanism for directly changing the reserves of the banking system is:
A. The discount rate. B. The reserve requirement. C. Open-market operations. D. The federal funds rate.
Economics
Based on Table 9.2, total savings, private plus public, is equal to
A) 3 percent of GNP. B) 18 percent of GNP. C) 16 percent of GNP. D) 20 percent of GNP. E) None of the above.
Economics