In national income accounting, government purchases include:
A. purchases by federal, state, and local governments.
B. purchases by the federal government only.
C. government transfer payments.
D. purchases of goods for consumption but not public capital goods.
A. purchases by federal, state, and local governments.
You might also like to view...
Monopsonistic exploitation is
A) measured by the area above the supply curve but below the wage paid. B) the difference between the marginal revenue product of a worker and the wage received by the worker. C) measured by the height of the supply curve of labor. D) the cost to society from unions.
If the Fed chooses to target the money supply, it
a. cannot at the same time control the interest rate b. can only do so if the interest rate is targeted as well c. gives up the opportunity of determining the legal reserve requirement d. gives up the opportunity of determining the discount rate e. gives up the opportunity of determining the federal funds rate
The recession of 2007-2009 decreased the demand for imports in Japan, which caused the ________ curve for the yen to shift to the ________, increasing the exchange rate and the value of the yen
A) supply; right B) supply; left C) demand; right D) demand; left
A ________ system is one in which all possible trades that make some societal members better off without making others worse off have been exhausted.
A. general equilibrium B. Pareto optimal C. Pareto maximized D. market