Certain goods are related such that an increase in the price of one good decreases the quantity demanded of the other. These goods are
A. complements.
B. substitutes.
C. luxury goods.
D. competing goods.
Answer: A
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Based on the above table, an open market operation in which the Fed purchased $100,000 of government securities would
A) lead to a maximum potential expansion of the money supply of $1 million. B) create a reserve deficiency for the banking system. C) cause demand deposits to fall by $100,000. D) lead to a maximum potential expansion of the money supply of $100,000.
Attitudes toward public land use have changed numerous times since the late 1800s
Indicate whether the statement is true or false
Which of the following will reduce the supply of motorcycles?
A. An increase in the population age 16 to 35, the primary consumers of motorcycles. B. An increase in taxes imposed on motorcycle producers. C. A technological improvement reducing the production costs of motorcycles. D. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.
Social Security requires workers to contribute to an account that is held in their name at the Treasury and invested in government and highly-rated private sector bonds.
Answer the following statement true (T) or false (F)