Quantitative easing involves the Fed swapping:
A. money for assets other than T-bills.
B. money for T-bills.
C. T-bills for different T-bills.
D. T-bills for assets other than T-bills.
Ans: A. money for assets other than T-bills.
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Consider a small hair styling salon. List some examples of explicit costs of this business
Refer to the above supply and demand graph for a public good. Line segment ad represents the amount at Q1 by which the:
A. marginal benefit of this public good is greater than the marginal cost. B. total benefit of this public good is greater than the total cost. C. marginal benefit of this public good is less than the marginal cost. D. total benefit of this public good is less than the total cost.
The total amount of taxes paid divided by before-tax income is the
A. median taxpayer rate. B. average tax rate. C. rate of hysteresis. D. marginal tax rate.
________ is (are) paid regardless of a person's income from other sources and regardless of assets.
A. The earned income tax credit B. Unemployment benefits C. Medicaid D. SNAP benefits