When the U.S. government purchases capital equipment, such as a computer, these expenditures are part of investment in GDP
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is the best measure of the total amount that the federal government owes to private owners of U.S. Treasury securities?
A) the government budget deficit B) the gross public debt C) government interagency borrowing D) the net public debt
Over the last twenty years, real GDP in the U.S. economy has increased and there has been inflation. This indicates that
A. aggregate demand has been constant while aggregate supply has increased. B. aggregate demand has increased while aggregate supply has been constant. C. aggregate demand has increased less than aggregate supply. D. aggregate demand has increased more than aggregate supply.
Which one of the following is not a possible barrier to entry high enough to keep competing firms out of a monopoly industry?
A) The monopoly firm has control of a key resource necessary to produce a good. B) There are important network externalities in supplying a good or service. C) large economies of scale that result in a natural monopoly D) a high concentration ratio
If banks do not have enough reserves to satisfy the reserve requirement, they can borrow additional reserves in the federal funds market.
Answer the following statement true (T) or false (F)