The difference between taxes and government spending is called:
a. household saving.
b. national saving

Which of the following are monetary policy goals?

I. maintain high interest rates II. keep unemployment rates low III. reduce the size of the banking sector IV. prevent high rates of inflation A) I, II, III, and IV B) I, II, and III C) II, III, and IV D) II and IV

Which of the four categories of resources used in production refers to the physical and mental effort expended by people?

a. labor b. land c. capital d. entrepreneurial ability