A combination of inflation and recession is called:
A. stagflation.
B. deflation.
C. infusion.
D. disinflation.
Answer: A
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In 2008, the Fed created a new policy tool called
A) federal funds zero-rate, which required the Fed to lower the rate to near zero percent. B) open market operations, which required the Fed to buy securities from only the federal government. C) quantitative easing, which required the Fed to pay interest on required reserves. D) interest rate reductions, which allowed the Fed to lower interest rates paid to banks. E) quantitative easing, which allowed the Fed to buy private securities as well as government securities.
Which of the following is an example of a product that is excludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
The supply curve illustrates
A) the amount of a good producers plan to sell at given prices. B) the amount of a good producers need to sell at given prices. C) the corresponding demand for a good at given prices. D) the sunk costs associated with producing a scarce good.
According to the textbook, if the government had taxed everyone who earned more than $1 million an income tax rate of 100 percent in 2012, the budget deficit for that year would have been completely eliminated
Indicate whether the statement is true or false