An essential function of a central bank is to:
A. collect taxes.
B. control and monitor government budgets.
C. manage the money supply.
D. issue debt.
Answer: C
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In the 1960s, U.S. economy experienced
A. a substantial decline in real GDP but limited inflation. B. a substantial decline in real GDP coupled with significant inflation. C. substantial real GDP growth coupled with significant inflation. D. substantial real GDP growth with limited inflation.
Capital gains taxes are taxes on the profits from the rising market value of investments
a. True b. False Indicate whether the statement is true or false
Using your table, calculate the total amount of income and consumption and deduce the value of the national income multiplier
What will be an ideal response?
If there is excess demand in a market, then this suggests that:
A. there is no way to help some people without harming others. B. the market is in equilibrium. C. the market price is above the equilibrium price. D. there is an opportunity for mutually beneficial trades.