Bonds issued by state and local governments are called ________ bonds
A) corporate
B) Treasury
C) municipal
D) commercial
C
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The demographic transition refers to the:
A) decrease in fertility and number of children per family that many societies undergo as they transition from industry to agriculture. B) decrease in fertility and number of children per family that many societies undergo as they transition from agriculture to industry. C) increase in fertility and number of children per family that many societies undergo as they transition from agriculture to industry. D) increase in fertility and number of children per family that many societies undergo as they transition from industry to agriculture.
Which one of the following is included in M2 but NOT in M1?
A) coins and currency B) transaction deposits C) a savings deposit without a set maturity D) large-denomination time deposits
April lives in a heavily Democratic voting community. Every election, the Democratic candidates win by a large margin. Since April believed that she already knew what the outcome would be, she has not sought out candidate information or voted for the past few elections. Ben tells her she has displayed rational ignorance. What does Ben mean?
a. April is really showing a lack of intelligence by not getting involved. b. From April’s perspective, it makes sense not to waste her valuable time voting. c. April is not a mind reader and does not really know who will win the elections. d. April likes to make excuses and rationalize her inaction on important matters like voting.
Without the government or the foreign sector in the income-expenditure model, planned aggregate expenditure equals
A. consumption plus inventory adjustment. B. consumption plus planned investment. C. consumption plus actual investment. D. consumption minus planned investment.