Government consumption expenditures equal
A) government outlays minus transfer payments.
B) government outlays minus net interest payments.
C) government purchases minus government investment.
D) the government primary deficit plus net interest payments.
A
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Greenwood and Yorukoglu view the post-1973 productivity slowdown as resulting from
A) the information technology revolution. B) high oil prices. C) measurement errors. D) technological depletion.
Which of the following was NOT a cause or a characteristic of the 1994/95 Mexican peso crisis?
A) An overvalued exchange rate B) An inflow of large foreign portfolio capital C) The inability of the IMF, the world bank, and the NAFTA member countries (i.e., the United States and Canada) to predict the looming financial crisis D) Shifts by the world capital markets toward more conservative and risk-averse investments because of interest and exchange rate movements around the world