An expansionary fiscal policy is likely to
A) increase borrowing by the Treasury through the sale of bonds.
B) decrease borrowing by the Treasury through the purchase of bonds.
C) increase borrowing by the Treasury through the purchase of bonds.
D) decrease borrowing by the Treasury through the sale of bonds.
Ans: A) increase borrowing by the Treasury through the sale of bonds.
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Capital inflow restrictions
A) receive less support from economists than full capital controls. B) may lessen domestic lending booms and risk-taking by domestic banks. C) were imposed in the United States during the late 1990s. D) were imposed in Europe in May 2000.
Natural monopolies often arise in industries where the marginal cost of adding an additional customer is high
a. True b. False Indicate whether the statement is true or false
A person 16 years or older who does not work and does not look for work is officially classified as:
A. unemployed. B. employed. C. out of the labor force. D. chronically unemployed.
At what point is the percent of price reduction the same as the percent of quantity increase?
a. ED >1
b. ED = 1
c. ED < 1
d. ED x 1