In Figure 10-5 above, suppose that the economy's initial steady-state point is A. An increase in the rate of national saving changes the steady-state point to

Hyperinflation:

a. Has no official definition. b. Usually ends with the nation abandoning its old currency and establishing a new one. c. Is good for most nations because it increaes their nominal GDPs. d. Is really a relic of the past with no current-day counterparts.

A(n) ________ provides guaranteed benefits for those who qualify under government transfer programs such as Social Security or Medicare

a. entitlement program b. excise tax c. continuing resolution d. biennial budget