Looking at the U.S. personal saving rate over the last sixty years, we can say that ________
A) it has always been low
B) Americans used to spend a lot more than they have in recent years
C) Americans used to save a lot more than they have in recent years
D) it has always been fairly high
E) Americans spend more when concerned about their future earnings
C
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Suppose that a series of decisions by banks effectively raises e. The resulting ________ in the money supply could be offset by the Fed with a "defensive" open market ________ of government securities
A) rise, purchase B) rise, sale C) fall, purchase D) fall, sale
The nutritional information now available at many fast food restaurants is an example of:
A. a failed attempt by government to reduce information asymmetry. B. requiring the more informed party to reveal the missing information. C. government regulation to screen out unhealthy food for consumers. D. government requiring the restaurants to signal whether food is healthy or not.
Using prices to promote efficiency in the utilization of bridges,
A. higher prices should be charged for the use of the most crowded bridges. B. lower prices should be charged for the use of the uncrowded bridges. C. traffic would be equalized among the bridges where space is a scarce resource. D. All of the responses are correct.
If imports exceed exports, as in recent years, then __________ exists.
a. a trade surplus b. a trade deficit c. a trade imbalance d. trade disequilibrium