An economy's production function is Y = A , and the economy's total output in equilibrium is $800 billion. Total capital income in this economy is ________

Goods whose income elasticities are negative are called

A) normal goods. B) superior goods. C) inferior goods. D) complements.

Methods of financing government spending are described by an expression called the government budget constraint, which states the following

A) the government budget deficit must equal the sum of the change in the monetary base and the change in government bonds held by the public. B) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the public. C) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the Fed. D) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the Treasury.