Using the cash balance approach with k = 1/2 and GDP equal to $600 billion, cash balances must be equal to
A) $1200 billion.
B) $600 billion.
C) $300 billion.
D) More information is needed to answer this question.
C
Economics
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Which of the following is true?
A) Employment and unemployment are both coincident with the business cycle. B) Employment and unemployment are both procyclical. C) Employment is procyclical and unemployment is coincident with the business cycle. D) Employment is procyclical and unemployment is countercyclical.
Economics
The Social Security System
A) pays benefits to people which are directly related to how much they contributed during working years. B) collects money from an individual and uses the accrued interest on those funds to pay the person's retirement benefits. C) is based on a "pay-as-you-go" principle. D) All of the above.
Economics