4.The phenomenal growth rate of Japan since World War II has been referred to as the Japanese miracle. In your opinion, is it a miracle or is it can be explained?

5.An increase in the government's budget deficit forces the government to borrow more. Why doesn't an increase in the deficit increase the demand for loanable funds in the loanable funds market?

6.Utilizing the national income identities, if government purchases were to rise and if output, taxes and consumption were to remain unchanged, what would happen to national saving, investment and growth.