Page 162 - Macroeconomics. book docx_Neat

A. Money only

B. Goods only

C. Income and expenditure

D. Population

9. Public debt results from:

A. Budget surplus

B. Budget deficit

C. High exports

D. High savings

10. IS–LM model explains:

A. Inflation only

B. Output and interest rate

C. Population growth

D. Trade balance

11. Transfer payments are:

A. Included in GDP

B. Excluded from GDP

C. Investment

D. Exports

12. Boom phase shows:

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