Goods and services that are used up in the production of other goods and services are called ________ goods and services.
A. final
B. nominal
C. value added
D. intermediate
Answer: D
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Which of the following changes aggregate supply and shifts the AS curve?
i. a change in the price of a major resource ii. increases in the amount of capital iii. a change in the money income of consumers A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Suppose there was a substantial increase in political instability in the rest of the world. What would be the effects on the U.S. current account? Explain
What will be an ideal response?
Which of the following would most likely cause the demand for veggi burgers to increase?
a. A decline in the price of veggie burger. b. An increase in the price of tofu burgers, perceived as a substitute by veggie burger consumers. c. An increase in the price of burger buns. d. A technological innovation that lowers the cost of producing veggie burgers.
The term auction facility (TAF) program was instituted by the Federal Reserve to deal with the ________________________. This program gave banks ____________ options when it comes to borrowing from the Fed
A) financial crisis of 2007-2009; more B) Great Depression; more C) financial crisis of 2007-2009; fewer D) Great Depression; fewer