Compared to the 1960s, the effectiveness lag is ________ due to ________
A) shorter, changes in fiscal policy
B) longer, structural changes in the economy
C) shorter, deregulation
D) longer, increased sensitivity of consumer spending to interest rates
B
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What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States b. financial outflows to foreign investors and private savings of individuals and firms c. private savings of individuals and firms and financial inflows from foreign investors d. financial inflows from foreign investors and government savings
The demand for labor is:
a. featherbedding demand. b. All of the answers are correct. c. marginal utility demand. d. derived demand.
Geometrically, the marginal product
A. is the slope of the average product curve. B. is the slope of the line joining the origin to the corresponding point on the total product curve. C. is that point at which the total product curve exhibits diminishing returns. D. at any point is the slope of the total product curve at that point.
Which of the following is the basic economic policy function of the Federal Reserve Banks?
A. Holding the deposits or reserves of commercial banks. B. Acting as fiscal agents for the federal government. C. Controlling the supply of money. D. The collection or clearing of checks among commercial banks.