Suppose the U.S. supply of loanable funds shifts left. This will
a. increase U.S. net capital outflow and increase the quantity of loanable funds demanded.
b. increase U.S. net capital outflow and decrease the quantity of loanable funds demanded.
c. decrease U.S. net capital outflow and increase the quantity of loanable funds demanded.
d. decrease U.S. net capital outflow and decrease the quantity of loanable funds demanded.
d
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Economic growth measured in terms of an increase in per capita real GDP is a good measure of _____
a. the average citizen's standard of living in a nation b. the quality of labor in a nation c. the distribution of income in a nation d. the quality of life people experience in a nation e. economic activity in a nation
A fiscal policy action to close an expansionary gap is to:
A. increase transfer payments. B. decrease government purchases. C. decrease taxes. D. increase the marginal propensity to consume.