In the figure above, the total benefit from pizza is ________ per day
A) $100,000
B) $50,000
C) $125,000
D) $150,000
E) None of the above answers is correct.
D
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Which of the following is NOT a monetary policy tool?
A) last resort loans B) open market operations C) required reserve ratio D) federal funds rate
The interest rate effect shows that if the price level increases
A) consumers and businesses will increase their spending to buy the same amount of goods as before to make up for the higher interest rates. B) consumers and businesses will decrease their spending as the interest rate increases, thereby pushing up the cost of acquiring funds. C) U.S. exports and imports will both decrease. D) the real value of financial assets will increase.
A student seeking a job right after graduation should be especially attentive to
a. long-run growth patterns in the economy b. what is the current phase of the business cycle c. technological change d. sales of durable goods e. the duration of strikes
The federal budget deficit: a. becomes less prominent during and after each recession
b. forces the government to issue Treasury bonds. c. decreases the growth rate of the U.S. GDP. d. is common when total federal revenue exceeds total federal outlay.