A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership.
Answer the following statement true (T) or false (F)
False
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What did the Lever Food Control Act of 1917 give the U.S. federal government the power to do?
(a) Take over factories during periods of war (b) Inspect meat-packing plants and control the quality of work completed (c) Buy, sell and distribute food during times of peace (d) Seize Congressional control over food-related production
If the MPC for an economy is 0.90, a $4 billion increase in taxes will ultimately cause consumption to decrease by
A. $3.6 billion. B. $40 billion. C. $36 billion. D. $4.4 billion.
If the government decides to increase spending on defense:
A. the aggregate demand curve will shift out temporarily. B. the aggregate demand curve will shift in permanently. C. the aggregate demand curve will shift in temporarily. D. the aggregate demand curve will shift out permanently.
The relationship between inputs and outputs is known as
A. marginal product. B. manufacturing. C. business. D. a production function.