Macroeconomic equilibrium occurs when:
a. Expected supply equals expected demand.
b. Actual leakages equal expected injections.
c. Actual and expected supply equals actual and depected demand and actual and expected leakages equal actual and expected injections.
d. Expected amount supplied equals expected amount demanded, which means expected leakages equal expected injections.
e. None of the above.
Question 2 - Which of the following is not included in a nation's balance of payments?
a. International barter exchanges.
b. International credits (loans).
c. International shipping expenses.
d. All the above are includedin the balance of payments.
Question 3 - Macroeconomic equilibrium occurs when:
a. Expected supply equals expected demand.
b. Expected leakages equal actual injections.
c. Actual leakages equal expected injections.
d. Actual supply equals actual demand and actual leakages equal actual injections.
e. Expected amount supplied equals expected amount demanded, which means expected leakages equal expected injections.
Question 4 - Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings.
b. International gifts.
c. International loans.
d. All of the above are included in the balance of payments.
Question 5 - One of the major points of the circular flow diagram is:
a. If GDP rises due to increased production, incomes earned from producing GDP must rise.
b. Increasing gross private domestic investment is the best way for a nation to grow.
c. Increasing government spending is the best way for a nation to grow.
d. The top and bottom flows are proof that most economies should always be in equilibrium.
e. None of the above.
Question 6 - Which of the following is not included in a nation's balance of payments?
a. Imports and exports of services.
b. International interest and dividend earnings.
c. International gifts.
d. International loans.
e. All of the above are included in the balance of payments.
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