The "other" category of federal spending consists of many less expensive functions of government, including all of the following except
a. housing credit programs.
b. farm support programs.
c. funding for the National Institutes of Health.
d. the federal court system.
c
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The stock market boom during the 1990s
A) boosted consumption relative to income. B) depressed the percentage of disposable income saved by households. C) may explain the behavior of household savings during that decade. D) All of the above.
If competition is viewed as a dynamic process, then firm size should not be a primary concern and antitrust policy should not necessarily aim at increasing the number of firms in an industry
Indicate whether the statement is true or false
Assume an economy experiences an increase in productivity that occurs as a result of the more efficient use of existing technologies. Given this information, we would expect which of the following to occur?
A) aggregate demand would not change B) aggregate demand would shift to the right C) aggregate demand would shift to the left D) both the aggregate demand and aggregate supply curves would shift to the left
Most of the money that we pay to foreigners to finance our current accounts deficit
A. flows back to the U.S. in investment funds. B. stays abroad where it circulates as currency. C. ends up in the hands of drug dealers. D. is used by foreign governments as reserves.