Transfer payments to individuals amount to a little less than _____ of total government spending.
A. three-quarters
B. two-thirds
C. half
D. one-third
C. half
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Refer to the information above. What is the level of consumption when the level of income is 850?
A) 375 B) 425 C) 450 D) 475
In Alan Lakein's book How to Get Control of Your Time and Your Life, he states that daily time use should be directly related to:
a. Resources b. Goals c. Values d. Attitudes
Accounting profit is equal to
A) total revenue minus dividends and interest. B) dividends paid. C) total revenue minus implicit costs. D) total revenue minus explicit costs.
The reserve ratio is 20 percent. The Fed buys $1 million in government securities from a bond dealer by transmitting the funds to the dealer's deposit account at Bank A. Bank A makes the maximum loan possible to a construction company, which buys materials with the loan. The check is deposited in Bank B, which loans out all it can to a car dealership. To this point, the money supply has increased by
A. $3 million. B. $1 million. C. $1.8 million. D. $2.44 million.