The ___________________is the amount that producers bring to market at any given price.
Fill in the blank(s) with the appropriate word(s).
Ans: quantity supplied
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Government policies intended to increase aggregate spending and output are called ________ policies.
A. expansionary B. aggregate C. fiscal D. monetary
Nondiscriminatory firms hiring in the market place have a cost advantage.
Answer the following statement true (T) or false (F)
The public debt is the
A. accumulation of all past deficits minus all past surpluses. B. amount of U.S. paper currency in circulation. C. ratio of all past deficits to all past surpluses. D. difference between current government expenditures and current tax revenues.
The United Bank of Glassen only lent money to a limited number of big business houses. After a financial crisis, the bank went out of business. Which of the following reasons could have contributed to the collapse of this bank?
a. Their decision not to lend funds to the Federal Reserve b. Their decision not to diversify their asset portfolio c. Their decision to extend loans to a diversified pool of borrowers d. Their decision to extend mainly short-term loans e. Their decision to unnecessarily scrutinize each borrower's details