Economic resources are also called:
A. free gifts of nature.
B. consumption goods.
C. units of money capital.
D. factors of production.
Answer: D
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After 2003, The Federal Reserve usually keeps the discount rate
A) above the target federal funds rate. B) equal to the target federal funds rate. C) below the target federal funds rate. D) equal to zero.
Using Figure 2 above, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE3 might be:
A. taxes increase. B. interest rates increase. C. wealth level increases. D. domestic income increases.
Discouraged workers are included in the
A. labor force category. B. unemployed category. C. not in the labor force category. D. employed category.
Money is created when
A. Congress enacts legislation providing for increased bank reserves. B. depository institutions make loans. C. the Federal Reserve Board of Governors increases the discount rate. D. Congress reduces taxes.