Federal, state and local purchases of goods and services sum to about ________ trillion.
A. 7
B. 12
C. 3
D. 4
Answer: C
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Which of the following is an appropriate policy for the Fed to pursue if it wants to increase the money supply?
A) lower taxes B) raise the reserve requirement C) buy U.S. Treasury bills D) raise the discount rate
Which of the following is a liability of a commercial bank?
a. Property and buildings owned b. Loans c. Government bonds held d. Cash in its vault e. Deposits at the bank
Demand-pull inflation is the result of excessive pressure on the demand side of the economy.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. Jerry's saving is positive along the line segment
A. DA. B. BA. C. BD. D. AC.