Paying off the national debt would redistribute income from the
a. debt holders to the taxpayers.
b. taxpayers to the major recipients of transfer payments.
c. banks to the taxpayers.
d. taxpayers to the debt holders.
d. taxpayers to the debt holders.
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To increase the quantity of money in the economy, the Federal Reserve can
A) print more money and give it to the banks. B) increase the required reserve ratio. C) buy government bonds in an open market operation. D) sell government bonds in an open market operation. E) cut taxes.
Ration coupons are typically associated with price floors
Indicate whether the statement is true or false
If the Fed decreases the discount? rate, relative to the federal funds? rate, then this
a. would cause the money supply to decrease. b. would cause the required reserve ratio to increase. c. would decrease the cost of funds for institutions borrowing from the Fed. d. would increase the cost of funds for institutions borrowing from the Fed.
As long as existing firms ________ in an industry, some existing firms will exit the industry, causing the industry ________ curve to shift to the left.
A. break even; supply B. break even; demand C. incur economic losses; supply D. incur economic losses; demand