The poverty rate in the United States has been growing for people over age 65.
Answer the following statement true (T) or false (F)
False
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When business is profitable, corporate managers will prefer plowback rather than other sources of funding.
Answer the following statement true (T) or false (F)
The Fed's power to set the required reserves of commercial banks:
a. provides a certain source of interest income for commercial banks. b. allows the Fed to control the lending ability of commercial banks and, thereby, control the money supply. c. prevents banks from hoarding too much vault cash. d. prevents commercial banks from earning excess profits.
Which of the following is the correct formula for the simple spending multiplier?
a. (1-MPC)/1 b. 1/(1-MPC) c. MPS/(1-MPC) d. MPC/(1-MPS)
A set of ideas about the economy that have been organized in a logical framework is called
A. economic theory. B. data development. C. empirical analysis. D. a methodology.