In the United States, domestic investment is greater than national saving
Indicate whether the statement is true or false
TRUE
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Although rarely used, which of the following is an instrument the Fed has to conduct monetary policy?
A. The tax on unearned income B. The discount rate C. The corporate income tax D. The interest rate on Treasury bonds
The purpose of expansionary fiscal policy is to
a. increase output b. prevent hyperinflation c. slow the growth of the GDP d. increase the separation between government and private industry
Which one of these is not an economic function of the federal government?
A. redistribution of income B. stabilization C. economic regulation D. All are economic functions of the federal government.
Which of the following is NOT a basic feature of a monopolistically competitive industry?
A. Each firm in the industry produces a differentiated product. B. There is free entry and exit into the industry. C. Each firm owns a patent on its product. D. There are many buyers and sellers in the industry.