The Federal Reserve can alter the size of the money supply by changing reserves or changing reserve requirements
a. True
b. False
Indicate whether the statement is true or false
True
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Cost-push inflation might initially result from
A) the use of new technology. B) a decrease in the quantity of money. C) an increase in the cost of resources. D) an increase in the quantity of money. E) an increase in government expenditure.
The total amount of taxes paid divided by before-tax income is the
A) median taxpayer rate. B) rate of hysteresis. C) average tax rate. D) marginal tax rate.
A consumer buys toys made in China. The value of the toys is included only in the net exports component of GDP
a. True b. False Indicate whether the statement is true or false
Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s).Recall the Application. Recessions can occur either when there is a(n) ________ in aggregate demand or a(n) ________ in aggregate supply.
A. increase; increase B. increase; decrease C. decrease; decrease D. decrease; increase