Refer to Figure 2-15. In the circular flow diagram, economic agents M represent
A) firms. B) product markets. C) factor markets. D) households.
D
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The supply curve of a uniquely talented actor or superstar athlete will be perfectly inelastic
Indicate whether the statement is true or false
A major difference between stocks and bonds is that
A) bonds pay their owners dividends while stocks pay interest. B) bonds pay their owners interest while stocks pay dividends. C) the interest on a bond depends on the earnings of the corporation and is not guaranteed while dividends on stock are legally required. D) bonds represent ownership while stock represent debt.
In trying to fix the U.S. economic system after the Great Recession, which of the following measures was not pursued by the U.S. government:
a. Lowing personal income taxes b. Increasing government spending c. Increasing the U.S. monetary base. d. All of the above were pursued by the U.S. government.
In 2009, the U.S. government's budget deficit increased substantially. Other things the same, this means the
a. supply of loanable funds shifted to the right. b. supply of loanable funds shifted to the left. c. demand for loanable funds shifted to the right. d. demand for loanable funds shifted to the left.