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Author Question: According to classical theory, desired saving always equals investment due to changes in A) ... (Read 28 times)

EY67

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on: Jun 29, 2018
According to classical theory, desired saving always equals investment due to changes in
 
  A) prices.
  B) wages.
  C) the interest rate.
  D) taxes.

Question 2

Suppose that the government of Summerfield spends 2 trillion in 2015 and receives tax revenues of 1.5 trillion. Which of the following is TRUE?
 
  A) Summerfield has a budget surplus of 0.5 trillion.
  B) Summerfield has a budget deficit of 0.5 trillion.
  C) Summerfield has a trade deficit of 0.5 trillion.
  D) Summerfield has a trade surplus of 0.5 trillion.


kaykay69

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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