The amount of government debt is called the public cost.
Answer the following statement true (T) or false (F)
False
The amount owed by the government is the public debt.
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The level of real GDP the economy produces at full employment is
A) never reached in reality. B) nominal GDP. C) called the Lucas level. D) real GDP. E) potential GDP.
The law of demand states that, other things remaining the same, the higher the price of a good, the
A) smaller is the demand for the good. B) larger is the demand for the good. C) smaller is the quantity of the good demanded. D) larger is the quantity of the good demanded.
If the LM function is vertical, then __________ is constant
A) the price level B) the interest rate C) velocity D) investment
The Federal Deposit Insurance Corporation:
a. has eliminated bank failures. b. insures all demand deposits without limit. c. insures all demand deposits up to $100,000. d. insures all demand deposits up to $10,000. e. insures all savings and loan deposits up to $100,000.