Question Details

They don't seem to be getting the underlying message in the country's failures in domestic and international markets 



1. "Although the Americans talked boldly about boosting investment, they mainly ducked the question of how to boost America's low rate of ______. To finance higher investment America would have to increase _______ or slash _______." Fill in the blanks. 
a) saving; taxes; government spending b) saving; government spending; taxes 
c) taxation; saving; government spending d) taxation; government spending; saving 
2. "They don't seem to be getting the underlying message in the country's failures in domestic and international markets: America has been destroying too few jobs." By destroying too few jobs America has been 
a) creating inflation b) creating unemployment 
c) inhibiting productivity increases d) wasting government tax revenues 
3. "He claims that we must view the loss of hundreds of thousands of jobs in the U.S. textile industry over the past two decades as a positive measure of the success of the industry in dramatically improving ............." Complete this clipping. 
a) inflation b) import sales c) productivity d) unemployment 
4. "Yet Mr. Stein himself estimates that the growth of budget deficits during the 1980s cut 3 percent from the decade's GDP." The logic of this is that the deficits 
a) caused crowding out which lowered GDP 
b) caused higher taxation which lowered aggregate demand and so decreased GDP 
c) diverted saving from investment and so caused a smaller productive capacity 
d) diverted saving from consumption and so caused a smaller aggregate demand and thus a smaller GDP



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