A decrease in population would shift the demand curve to the left.
Answer the following statement true (T) or false (F)
True
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An indirect cost of government debt is:
A. it can distort the credit market and slow economic growth. B. it can cause hyperinflation. C. it can cause unemployment below the natural rate. D. All of these are true.
Which of the following government agencies oversees monetary policy in the U.S.?
a. The Federal Reserve System b. Congress c. The Treasury Department d. The Federal Trade Commission e. The Department of Commerce
Suppose an individual knows that the marginal utility he receives from the next apple is 5 and that the price of an apple is $2 . He also knows that the marginal utility he receives from the next orange is 3 and the price of an orange is $1 . If the individual is choosing optimally, the next good he will buy is a. an orange because the marginal utility per dollar spent on an orange is
greater. b. an orange because the marginal utility of the orange is greater. c. an apple because the marginal utility per dollar spent on an apple is greater. d. an apple because the marginal utility of the apple is greater.
Open market operations are
A. the buying of existing corporate securities in secondary markets by private citizens, banks and the Fed. B. the selling of new government securities in order to increase the money supply. C. the buying and selling of existing U.S. government securities in open private markets by the Fed. D. the actions of the Fed that are used to finance deficit financing by the government.