Land rent results from
a. differences in the productivity of land
b. equality in the marginal physical product of different acres of land
c. landlords demanding a rent higher than the price of land use
d. differences in land distance from the marketplace
e. the difference between differential and location rents
A
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In 2012, the U.S. federal government had a budget deficit. If there is no Ricardo-Barro effect, the budget deficit ________ the real interest rate and ________ the equilibrium quantity of investment
A) lowered; increased B) raised; increased C) lowered; decreased D) raised; decreased E) did not change; did not change
Which of the following transactions would be included in Germany's current account?
A) A German citizen purchases a new Volkswagen made in Germany. B) An American citizen purchases a new Volkswagen made in Germany. C) A German citizen purchases 100 shares of Texas Instruments stock. D) An American citizen purchases 100 shares of BMW stock.
An example of stimulus spending by the government might be:
A. the monthly payments a government agency makes to its employees. B. increase in government purchases of new cars. C. the FED engaging in open market sales of securities. D. a cut in the government budget aimed at spurring private consumption.
To decrease the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. increase the reserve requirement. d. All of the above are correct.