For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $3 trillion and the government runs a surplus of $1 trillion. What are private saving and national saving?
C) Bureau of Economic Analysis.D) Federal Reserve Board of Governors.Fiscal policy is carried out primarily by:A) the Federal government.B) state and local governments working together.C) state governments alone.D) local governments alone.3.Discretionary fiscal policy refers to:A) any change in...
1.The group of three economists appointed by the President to provide fiscal policy recommendations is the:A) Council of Economic Advisers.B) Joint Economic Committee.C) Bureau of Economic Analysis.D) Federal Reserve Board of Governors.2.Fiscal policy is carried out primarily by:A) the Federal...
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