Recessions typically last longer than expansions
a. True
b. False
B
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When a primary dealer buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
Tariff protection
a. encourages the optimum use of scarce resources. b. has no impact on use of scarce resources. c. prevents the optimum use of scarce resources. d. eliminates the scarcity of resources.
When AFC is falling, ATC
A. must be rising. B. must be falling. C. may be falling or rising. D. will remain constant.
In an economy, the government wants to decrease aggregate demand by $48 billion at each price level to decrease real GDP and control demand-pull inflation. If the MPS is 0.25, then it could:
A. Increase taxes by $16 billion B. Increase taxes by $24 billion C. Decrease government spending by $10 billion D. Decrease government spending by $16 billion