Use the following information to answer the next question.SecurityAmount (in billions)Treasury bills$220Corporate bonds140Treasury notes80Corporate stock200U.S. savings bonds60Treasury bonds100The public debt for the economy is
A. $540 billion.
B. $460 billion.
C. $580 billion.
D. $400 billion.
Answer: B
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The production function is concave in capital because
A) the contribution to production of each additional unit of capital decreases. B) the marginal product of capital is increasing. C) the marginal product of labor is decreasing. D) the cost of loans increases with their quantity.
Which of the following is true of the consumption function? a. It becomes steeper as the income tax rate decreases
b. It becomes flatter as the income tax rate decreases. c. It shifts upward as the marginal propensity to save increases. d. It shifts downward as the expected future income increases.
Since 1950, the U.S. economy has likely experienced:
A. more periods of disinflation than deflation. B. an equal number of periods of deflation and disinflation since they are synonymous. C. more periods of deflation than disinflation. D. none of the answers provided is correct.
The monetary base includes:
A. currency and cash plus commercial bank deposits at the Fed. B. vault cash plus checkable deposits. C. currency and coin in circulation plus checkable deposits. D. currency and coin in circulation only.