When the government conducts activist fiscal policy, what type of spending does it usually use?
A) net interest spending B) entitlement and mandatory spending
C) strategic spending D) discretionary spending
D
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The monopolist, like the perfect competitor, maximizes profits at the output where marginal revenue equals marginal cost
a. True b. False Indicate whether the statement is true or false
Which of the following is TRUE of the Federal Reserve System?
a) It is controlled by the executive branch of the federal government. b) It is subject to oversight from Congress. c) It is not the central bank of the United States. d) It was established as part of the U.S. Constitution.
A key idea of the new growth theory is that
A. technology is not an important determinant of economic growth. B. the rewards associated with technological advances have little to do with the actual rate of invention or innovation. C. economic growth is not as important as leisure time growth. D. the greater the rewards for technological advances, the greater the number of technological advances.
Table 14.3Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$40 billionTransactions deposits$80 billionRequired reserves$20 billionExcess reserves$0 billionU.S. bonds held by public$125 billionAssume an original balance sheet: On the basis of the information in Table 14.3, the required reserve ratio is
A. 25 percent. B. 15 percent. C. 5 percent. D. 20 percent.