The longest term security sold by the US is the:
A. Treasury notes.
B. certificate of deposit.
C. Treasury bills.
D. Treasury bonds.
Answer: D
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?
a. Individual income taxes. b. Corporate income taxes. c. Social Security taxes. d. Excise taxes.
Economist John Maynard Keynes noted one of the main contributors to the Great Depression in the 1930s was:
A. insufficient spending causing below natural rate output. B. poor infrastructure for manufacturing. C. a labor market that could not meet the demands of the market at the time. D. an insufficient agriculture sector, unable to produce enough food for the large US population.
Refer to the graph below, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the
graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
A. 6
B. 3
C. 4
D. 5