Federal budget deficits became progressively smaller during the 1990s, and turned into a surplus by 1998

Indicate whether the statement is true or false


true

Economics

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A monopsony is a:

a. large number of buyers. b. large seller. c. single seller. d. single buyer.

Economics

An increase in the average price level in a country will cause its domestic currency to depreciate

a. True b. False Indicate whether the statement is true or false

Economics

The 12 Federal Reserve Banks can best be characterized as:

A. central banks, banker's banks, and quasi-public banks. B. investment banks, banker's banks, and public banks. C. national banks, quasi-public banks, and investment banks. D. regional banks, public banks, and member banks.

Economics

Assume the demand curve for product X shifts to the right. This might be caused by:

A. a decline in income if X is an inferior good. B. a decline in the price of Z if X and Z are substitute goods. C. a change in consumer tastes that is unfavorable to X. D. an increase in the price of Y if X and Y are complementary goods.

Economics