no need for explanation just wanna make sure im doing right haha, thank you.

1) According to the "new growth theory", the best way to promote growth is to:

a) encourage households to increase their saving

b) advocate faster population growth

c) improve the economy's rate of technological progress

d) use protectionism to discourage imports and promote exports

2) If the government needs to borrow money to fund a budget deficit and optimistic consumers decrease their saving, we should expect to see:

a) Rising interest rates

b) Falling interest rates

c) More dollars exchanged in the loanable funds market

d) Fewer dollars exchanged in the loanable funds market

3) There is no cyclical unemployment in the Classical model because:

a) The law of one price leads to convergence

b) Government spending is used to offset inadequate aggregate supply

c) Say's Law ensures that there is always sufficient demand

d) Inflation does not occur when there are gains from trade

4) The largest component of consumer spending in the U.S. economy is:

a) New residential housing investment

b) Services

c) Durable and nondurable goods

d) National defense

5) Suppose during a given year that government spending is $800 billion, but government purchases are only $600 billion.We can conclude that:

a) the trade deficit is $200 billion

b) inventories have grown by $200 billion

c) the government needs to borrow $200 billion

d) transfer payments are $200 billion