Compared to 1955, Americans typically spend ______ of every consumer dollar on services.

Why might a country's savings rate have a high positive correlation to its investment rate?

A) A country's gains from intertemporal trade may have been large. B) governments' regulation to avoid inflation C) A country's savings rate and investment rate are generally not positively correlated but rather have negative correlation. D) governments' regulation to avoid large current account balances E) A government has not practiced sufficient fiscal regulation.

An increase in the interest rate will cause

A) a reduction in the supply of central bank money. B) a reduction in the demand for currency. C) a reduction in the demand for reserves. D) all of the above E) both B and C