The value of used goods ________ counted as part of GDP ________
A) are; as long as they are classified as consumption goods
B) are; as long as they are classified as investment goods
C) are not; because they were counted during the period when they were counted as new goods
D) are not; because most fall in value and would cause a decrease in the value of GDP
E) may be; as long as their value has risen
C
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Banks primarily make a profit by ______.
a. charging their borrowers more interest than they give their depositors b. paying a portion of customer deposits for claims, and keeping the rest c. earning a commission from each sale of stock they make d. charging fees each time they facilitate an exchange
In addition to making the automatic stabilizers more effective, discretionary fiscal policy could fight a recession by (1) _________; (2) __________; and (3) _______.
Fill in the blank(s) with the appropriate word(s).
The demand for most products varies directly with changes in consumer incomes. Such products are known as:
A. complementary goods. B. competitive goods. C. inferior goods. D. normal goods.
Economic bubbles are created because of inflated (and in the short-term self-fulfilling) expectations of
A. earnings. B. overall economic growth. C. future-asset prices. D. interest rates.