Indifference curves show the ________ of combinations of two products.
A. marginal utility
B. secular utility
C. total utility
D. individual utility
Answer: C
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If the amount of money received by the government from various sources exceeds the federal budget, the government resorts to deficit financing
a. True b. False Indicate whether the statement is true or false
U.S. Treasury bonds owned by U.S. households, institutions, and government entities are referred to as
A. Internal debt. B. Debt refinancing. C. Debt servicing. D. External debt.
Rational expectations refer to
A. the use of all available information in forecasting economic variables. B. the use of aggregate supply to forecast unemployment. C. the use of opportunity costs to forecast inflation. D. disinflation.
With perfectly inelastic supply, the elasticity of supply is ______.
a. zero b. one c. three d. five