The functional finance philosophy is based on the idea that balancing the federal budget is less important than using it to promote an economy operating at its potential
a. True
b. False
Indicate whether the statement is true or false
True
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Markets that require workers with similar human capital:
A. vie for the same workers, who can interchange one type of employment for another. B. often have similar wages, because they employ similar workers. C. are more connected than others. D. All of these statements are true.
Excess reserves are equal to:
a. total reserves plus required reserves. b. total reserves multiplied by required reserves. c. total reserves minus loans. d. total reserves minus required reserves. e. required reserves minus loans.
When two variables have a positive correlation,
a. they tend to move in opposite directions. b. they tend to move in the same direction. c. one variable will move while the other remains constant. d. the variables' values are never negative.
Refer to the diagram. If the budget line shifts from ab to ac, the:
A. consumer's level of total utility will increase.
B. consumer will purchase more of both J and K.
C. consumer will purchase less of both J and K.
D. consumer will purchase more of J and less of K.