When the Fed wants to decrease US interest rates it will buy US treasury bonds
a. true
b. false
Ans: a. true
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During 2012, a country reports that its price level fell and the money wage rate did not change. These changes led to a(n) ________ because their country experienced a(n) ________
A) decrease in the quantity of real GDP supplied; higher real wage rate and lower profits for firms B) increase in the quantity of real GDP supplied; higher real wage rate and lower profits for firms C) decrease in the quantity of real GDP supplied; lower real wage rate and lower profits for firms D) increase in the quantity of real GDP supplied; lower real wage rate and higher profits for firms E) decrease in aggregate demand; economic expansion
Pay-As-You-Throw programs that charge people a small price for each bag of trash they throw out are likely to ________
A) increase waste creation B) increase recycling and reuse C) increase the social cost of waste disposal D) reduce social surplus
When a man invests in controlling weeds and trash that tend to accumulate in his yard, both he and his neighbors benefit from his action
Is an externality associated with his private decision? If so, explain its effect, and determine whether the efficient level of weed control occurs when the individual invests in weed control.
Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty
a. True b. False Indicate whether the statement is true or false