Currency consists of
A) only coins minted by the U.S. Treasury.
B) only Federal Reserve notes.
C) coins minted by the U.S. Treasury and Federal Reserve notes.
D) coins, Federal Reserve Notes and traveler's checks.
C
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In the figure above, if no one owns the lake, what is the equilibrium price of the pesticide?
A) $80 per ton B) $40 per ton C) $60 per ton D) $30 per ton
The Land Ordinances of 1785 and 1787 accomplished which of the following?
(a) Established the foundation for future American capitalism by permitting land to pass into private hands (b) Allowed the practice of primogeniture or inheritance by the oldest son (c) Permitted land to be treated primarily as a "collective good" (d) Provided for a lateral expansion of American socialism
The unilateral transfers category in the current account refers to
a. money sent from one country to another without anything being exchanged in return b. money sent from one country to another with goods being exchanged in return c. goods sent from one country to another without anything being exchanged in return d. goods sent from one country to another with money being exchanged in return e. services sent from one country to another without anything being exchanged in return
Assume that full-employment national income is Y = $1,200 billion, the current equilibrium national income is Y = $800 billion, and the MPC is 0.5 . What level of aggregate expenditure will close the recessionary gap?
a. $50 billion b. $80 billion c. $140 billion d. $200 billion e. $400 billion