Use the following diagram to answer the next question.
In the diagram, solid arrows reflect real flows and broken arrows are monetary flows. Flow (4) might represent
A. the purchase of stealth bombers.
B. personal income taxes.
C. investment spending by private corporations.
D. the services of NASA astrophysicists.
Answer: D
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What does it mean for a nation to have an absolute advantage in producing a product?
What will be an ideal response?
When the Fed is ________ it is ________
A) adjusting the amount of money in circulation; issuing government bonds B) issuing government bonds; conducting monetary policy C) adjusting the amount of money in circulation; conducting monetary policy D) regulating the nation's financial institutions; conducting monetary policy
Suppose an oil cartel has an agreement to restrict members' production in order to maintain a price of $30 per barrel. A single cartel member may want to cheat and exceed its quota so that it can:
a. reduce its costs. b. charge higher prices. c. make demand more inelastic. d. earn a bigger profit.
Covariance stationary sequences where Corr(xt + xt+h)
0 as
data-mathml="%3Cmath%20style%3D%22font%2Dfamily%3A%27Times%20New%20Roman%27%22%20xmlns%3D%22http%3A%2F%2Fwww%2Ew3%2Eorg%2F1998%2FMath%2FMathML%22%3E%3Cmstyle%20mathsize%3D%2215px%22%3E%3Cmrow%3E%3Cmi%3Eh%3C%2Fmi%3E%3Cmo%3E%26%238594%3B%3C%2Fmo%3E%3Cmo%3E%26%238734%3B%3C%2Fmo%3E%3C%2Fmrow%3E%3C%2Fmstyle%3E%3C%2Fmath%3E" src="@@PLUGINFILE@@/ppg__cognero__Ch_11_Further_Issues_in_Using_OLS_with_Time_Sries_Data__media__f92c2f56-9b92-4fa5-b54a-6b05ae3d2b74.PNG" style="vertical-align:middle;" />are said to be: A. ?unit root processes. B. trend-stationary processes. C. ?serially uncorrelated. D. asymptotically uncorrelated.