In the circular flow diagram, firms' payments ________ the government.
A. flow into and out of
B. do not affect
C. only flow out of
D. only flow into
Answer: A
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If Real GDP increases at an annual rate of 4 percent and velocity increases at a rate of 1 percent per year, then rules-based monetary policy advocates who wish to maintain a stable price level would set the annual money supply growth rate at
A) 1 B) 2 C) 3 D) 4 E) 6
Refer to the information provided in Table 23.8 below to answer the question(s) that follow. Table 23.8
Refer to Table 23.8. Which of the following statements is false?
A. If aggregate output equals $4,000 million, then aggregate saving equals $1000 million. B. At an output level $4,000 million, there is a $400 million unplanned inventory decrease. C. At an output level of $3,000 million, there is a $600 million unplanned inventory decrease. D. The MPC for this economy is 0.8.