In a closed economy,national saving equals
A) C + I + G.
B) Y - C - G.
C) Y - C - I.
D) Y - G - I.
In a closed economy,if the goods market is in equilibrium,national saving is $2 trillion,national consumption is $7 trillion,and government purchases are $2.5 trillion,then GDP equals
A) $7 trillion.
B) $9.5 trillion.
C) $11.5 trillion.
D) Not enough information has been provided to determine the answer.
For the goods market to be in equilibrium in a closed economy,which of the following must be TRUE?
A) Y = S + I + G
B) S + I = C + G
C) S + G = Y + C
D) S = I
All of the following are likely results of a negative demand shock EXCEPT
A) a negative output gap.
B) lower inflation.
C) the IS curve shifts to the left.
D) the Phillips curve shifts to the left.