The government supports economic growth by investing in:
a. education, savings, and scientific research.
b. education, exploration, and internationalization.
c. savings, production, and technology.
d. technology, savings, and production.
a. education, savings, and scientific research.
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The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The money supply will be approximately
A) $363 billion assuming the 80 billion of high-powered money is held by banks. B) $400 billion assuming the 80 billion of high-powered money is held by the Fed or in bank vaults. C) $327 billion assuming the 80 billion of high-powered money is not held by the Fed or in bank vaults. D) $425 billion assuming the 80 billion of high-powered money is held by banks.
A landlord requiring potential tenants to provide a rental history is an example of:
A. signaling. B. building a reputation. C. screening. D. statistical discrimination.
The AFL and the CIO merged in ___________.
Fill in the blank(s) with the appropriate word(s).
A minimum price for a good or service:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium