Resources are all of the following EXCEPT
A) scarce and therefore require choices to be made.
B) limited in quantity and can be used in different ways.
C) unlimited and in abundance.
D) the things we use to produce goods and services.
C
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As the investment demand curve becomes steeper, the crowding-out effect will become smaller
a. True b. False Indicate whether the statement is true or false
The existence of the Federal Deposit Insurance Corporation (FDIC):
A. increases the risk of moral hazard in the savings and loan industry. B. reduces the risk of moral hazard in the savings and loan industry. C. increases the risk that customers of savings and loans will engage in moral hazard, but reduces the risk that the lenders will engage in moral hazard. D. reduces the risk that customers of savings and loans will engage in moral hazard, but increases the risk that the lenders will engage in moral hazard.
Since approximately 1970, the most stable Phillips-type relationship for the United States has been between which of the following?
A) the rate of inflation and the change in the unemployment rate B) the unemployment rate and the change in the rate of inflation C) the change in the unemployment rate and the change in the rate of inflation D) the inverse of the unemployment rate and the rate of inflation E) the unemployment rate and the rate of inflation
Which of the following is TRUE of M2?
A. It excludes savings deposits. B. It does not include highly liquid components of the money supply. C. It includes credit limits for credit card transactions. D. It is larger than M1.