Assume the Treasury borrows $5 billion from the non-bank public and spends it
The effect on bank reserves is that they will __________ by $5 billion when the Treasury borrows and then bank reserves will __________ by $5 billion when the Treasury spends the money. A) rise; fall
B) fall; rise
C) rise; rise
D) fall; fall
B
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All of the following could be covered by patent protection except
A) a newly discovered Beethoven symphony. B) a new variety of hybrid rose bush. C) a hydrogen fuel cell engine. D) a laser hair-removal device.
Refer to Table 19-28. Based on the table above, what is national income for this economy?
A) $1,950 billion B) $2,250 billion C) $2,950 billion D) $3,550 billion
Which of the following statements is correct?
a. The ideal solution to a pollution problem is to reduce pollution until it is technologically impossible to reduce it any further. b. The ideal and fair solution to a pollution problem is to impose identical compliance standards on all polluting firms. c. Charging firms for transferable emissions permits is a more efficient way of dealing with pollution than are compliance standards. d. A per-unit pollution tax is a more efficient way of dealing with pollution than is a system of transferable emissions permits.
Based on U.S. income data from 2011, the bottom fifth of all families received approximately what percent of all income?
a. 48.9 percent b. 21.3 percent c. 8.6 percent d. 3.8 percent