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In a closed economy government spending was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $110 billion this year. Investment spending was $10 billion. As a result:  

GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion. How much is private saving?  

If the aggregate demand in the economy depicted below is AD2, ceteris paribus, what is likely to happen in this economy in the long run (without any government intervention)?

If an economy is growing at 10%, how long will it take for $1,000 to turn into $4,000?  

Suppose the government implements a policy reducing the rewards earned by savers. In this case, the _____ loanable funds shifts _____.  

*If the government currently has a budget deficit, then:

Kathleen is considering expanding her dress shop. If interest rates rise she is

Using the following diagram, which shows an aggregate consumption function (cf) for a hypothetical economy, which of the following events would cause the consumption function in this economy to shift upward?

If the aggregate demand in the economy depicted below is AD3, ceteris paribus, what is likely to happen in this economy in the long run (without any government intervention)?

Consumption is $5 million, planned investment spending is $8 million, government purchases are $10 million, and net exports are equal to $2 million.  If GDP during that same time period is equal to $27 million, what unplanned changes in inventories occurred?