If an economic curve has a negative slope, then one variable
A. falls as the other rises.
B. changes at a slower rate than another.
C. has a smaller value than another variable.
D. changes after another variable.
Answer: A
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Current income minus spending on current needs equals:
A. transfers. B. wealth. C. saving. D. investment.
When the Fed conducts open market operations, what type of bonds does the Fed purchase?
a. Newly issued bonds from the treasury b. Bonds newly issued by companies c. Previously issued bonds from the treasury d. Bonds previously issued by companies e. Newly issued bonds from other countries
When you buy a United States Savings Bond, you
a. loan money to the government b. borrow money from a savings and loan association c. donate money for special government projects d. pay for your childs college education
Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit, then the total value a consumer receives from consuming the equilibrium quantity is
A. $25. B. $100. C. $50. D. $75.