The Treasury runs the greatest risk of inflation when expenditures are financed by borrowing from
A) foreign nations.
B) the Federal Reserve.
C) the banking system.
D) the non-bank public.
B
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Which of the following is NOT a barrier to entry for a monopoly to exist?
a. The critical resource is owned by a single company b. The costs of production make a single producer more efficient than many producers c. International trade agreements restrict production domestically d. The government grants exclusive rights to a single producer
The cost savings from outsourcing often lead to ________ for consumers and ________ for the outsourcing company
A) lower prices; more output B) lower prices; less output C) higher prices; more output D) higher prices; less output
In a frictionless labor market:
A) there is always a shortage of workers. B) the wage adjusts instantly to clear the market. C) there is always a surplus of workers. D) the ongoing wage rate does not change for long periods of time.
Unlimited liability is NOT a characteristic of
A) corporations. B) partnerships. C) proprietorships. D) the market economy today.