(05.04 MC) The sum of government purchases and transfer payments for a given year is $1.2 trillion, while total government revenue was $1 trillion. If in the following year, the government spent more and took in less revenue, which of the following would be true?

(03.06 MC) What happens when a country experiences a positive demand shock in the short run?

(05.03 MC) Assume that the money supply in an economy is $900 million, the velocity of money is constant at 5, and the price per unit of output is $3. What is the real and the nominal GDP?

(05.06 MC) Use the table to answer the question that follows: Year 1999 2000 Population (in million) 2.5 3 Real GDP per capita $40 $45 Which is the correct percentage growth in real GDP from 1999 to 2000?

(04.07 MC) Use the data table to answer the question that follows. GDP $20 billion Household consumption $12 billion Government tax revenue $4 billion Government spending $5 billion Net exports $0 Based on the data table, what would be the national savings for this economy?

(02.01 LC) The circular flow model of the economy divides economic activity into two broad categories, which are

(05.05 MC) Which of the following policy measures can lead to a crowding-out effect in an economy that has a budget deficit?

(04.01 MC) If the government increases the level of its borrowing, what will happen to the real interest rate and the price of existing bonds?

(03.08 MC) Which is the most expansionary combination of fiscal policies?

(05.03 MC) If the money supply in an economy is $240 billion and the nominal GDP is $960 billion, then how many times is the average dollar in the economy spent?