Explain what is meant by the term "monetizing the deficit."
What will be an ideal response?
Monetizing the deficit occurs when a country's central bank acquires newly created government debt by purchasing newly issued government bonds.
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Evaluate the following two statements: "He is income rich but he is not very wealthy" "He is income poor but he is wealthy"
What will be an ideal response?
One explanation for the increased participation of married women in the U.S. labor force is that
a. fewer women are being trained for household work by the public school system b. rapid growth in the service sector has provided additional job opportunities for women c. the cost of professional day care has increased d. couples are having more children e. husbands earn more today than they did previously
Sticky nominal wages can result in
a. lower profits for firms when the price level is lower than expected. b. a decrease in real wages when the price level is lower than expected. c. a short-run aggregate-supply curve that is vertical. d. a long-run aggregate-supply curve that is upward-sloping.
Public goods are any goods provided by units of local, state, or federal governments.
Answer the following statement true (T) or false (F)