Which of the following is true of government purchases?
What will be an ideal response?
They are decided by public officials.
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A monetarists would expect an increase in government spending to have a strong effect on output only if the spending increase was
a. financed by an increase in the money supply. b. financed by a sale of bonds. c. financed by an increase in taxes. d. accompanied by a higher in the deficit.
In a linear regression equation Y = a + bX, the fitted or predicted value of Y is
A. the values of the parameters predicted by the estimators. B. the value of Y associated with a particular value of X in the sample. C. the value of X that the regression equation predicts. D. the value of Y obtained by substituting specific values of X into the sample regression equation. E. the value of X associated with a particular value of Y.
A decrease in the value of a currency relative to other currencies is called a(n):
A. depreciation. B. devaluation. C. appreciation. D. revaluation.
In the first week in March 1933, ______ banks had shut their doors.
A. a few B. nearly half C. most D. all