Financial intermediaries' low transaction costs allow them to provide ________ services that make it easier for customers to conduct transactions

Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?

A) significant investments in rural infrastructure B) free public education C) tax policies that strongly redistributed income from rich to poor D) land reform

Which of the following is FALSE about private savings and government savings?

A) SP = Y - T - C B) Unlike private saving decisions, government saving decisions are often made with an eye toward their effect on output and employment. C) Total savings (S) = SP + . D) The national income identity can help us to analyze the channels through which government saving decisions influence macroeconomic conditions. E) None of the above; all statements are true.