When someone is stressed the first phase is physiological, second is resistance and the last stage is:
a. Evaluation
b. Exhaustion
c. Clarity
d. Symbolic reaction
B
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When the Fed buys or sells securities, it is conducting ________ operation
A) a deposit B) a currency C) a government debt D) an open market E) a money multiplier
Jack trades his basketball for Jim's baseball glove. This simple trade is
A) unproductive, because nothing new has been produced. B) productive, because Jack and Jim expect to be better off by trading. C) costless, because no money was involved in the deal. D) a cost to the manufacturer because neither Jack nor Jim bought a new ball or glove. E) not good for the overall economy, for reasons A and D above.
In 2009, the top 1% of all income earners paid _________ percent of federal taxes.
A. 1.0 B. 4.1 C. 15.6 D. 22.3
The marginal propensity to consume measures the ratio of the:
a. average amount of our disposable income that we spend. b. average amount of our savings that we spend. c. change in consumer spending to a change in money holdings. d. change in consumer spending to a change in interest rates. e. change in consumer spending to a change in disposable income.