Macroeconomic equilibrium occurs when:
a. Expected amount supplied equals expected amount demanded, which means expected leakages equal expected injections.
b. Leakages equal injections.
c. Supply equals demand and Leakages equal injections.
d. Expected and actual supply equals expected and actual demand, which means expected and actual leakages equal expected and actual injections.
e. None of the above.
Question 2
Which of the following is not included in the U.S. balance of payments?
a. Gifts from parents residing in foreign countries and paid to students studying at U.S. colleges and universities.
b. U.S. government military gifts to foreign governments.
c. U.S. aid to Indonesian tsunami victims.
d. U.S. corporate gifts to families in foreign nations who were harmed by hurricanes.
e. All of the above are included in the balance of payments.
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