What is typically the main cost of pursuing a college education?
A) tuition
B) room and board
C) books and supplies
D) income forgone by not working
Answer: D
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Refer to the figure below where the nominal interest rate equals 6% and the money supply equals 600. If the Federal Reserve wants to lower the interest rate to 4%, it must ________ the money supply to ________. 
A. increase; 1,000 B. increase; 800 C. decrease; 800 D. decrease; 400
Household savings rates:
A. were roughly 5% in the United States in 2016. B. were 10% in the United States in 2016. C. were fairly constant at about 5 %in the United States from 2000 to 2010. D. have been roughly 15 % in the United States for the last 30 years or so.
The spot market is:
a. Another term for an over-the-counter-exchange. b. The market for current delivery. c. The market for delivery in the future. d. The market for current deliveries but future payments.