If the Federal Reserve purchases $1 million in government securities in the open market, with a 25 percent required reserve ratio on deposits, the maximum increase in deposits would be

In a closed economy, GDP is $1000, government purchases are $200, and consumption is $700 . If the government has a budget surplus of $25, what are investment, taxes, private saving, and national saving?

Neoclassical economics and behavioral economics disagree on the following assumptions, except:

A. Rationality of people B. Determinants of prices C. Stability of people's preferences D. Strength of people's willpower