Which of the following is an example of a consumption expenditure?
A. the construction of a new public library
B. the purchase of a ticket to a New Orleans Saints game
C. the purchase of a new fire truck
D. the salary paid to the mayor of Denver
Answer: B
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How is dollarization different from monetary union?
What will be an ideal response?
Because the prices of final goods and services tend to increase more quickly than the prices of inputs, the short run aggregate supply curve is:
A. upward sloping. B. downward sloping. C. perfectly elastic. D. perfectly inelastic.
If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
a. Increase per-unit production costs and shift the aggregate supply curve to the left b. Increase per-unit production costs and shift the aggregate demand curve to the left c. Increase per-unit production costs and shift the aggregate supply curve to the right d. Decrease per-unit production costs and shift the aggregate supply curve to the left
When the Fed raises the discount rate, it:
A. lowers the cost of borrowing from the Fed, encouraging banks to make loans to the general public. B. raises the cost of borrowing from the Fed, discouraging banks from making loans to the general public. C. increases the amount of excess reserves that banks hold, encouraging them to make loans to the general public. D. increases the amount of excess reserves that banks hold, discouraging them from making loans to the general public.