Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the federal government is running a surplus, taxes must fall O private savings will decrease O the surplus becomes a source of funds for
If the federal government is running a surplus, taxes must fall O private savings will decrease O the surplus becomes a source of funds for the economy O the current account must be negative Question 30 (1 point) What is paid to U.5. inputs (capital) in foreign countries minus what is paid to foreign inputs (capital) in the U.S. is known as, O net exports O net factor payments O the current account O transfer payments Question 31 (1 point) Counter-cyclical fiscal policy and monetary policy is meant to O increases the inflation rate O increase long-run trend GDP O smooth out the volatility in GDP O increase GDP growth during expansions Question 32 (1 point) What two variables are most important for sustained long run growth? Increasing money supply and decreasing interest rates O Increasing consumption and increasing investment in inventories Decreasing taxes and increasing government expenditures O Increasing capital and increasing total factor productivity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started