When the Federal Open Market Committee sells U.S. government securities in the open market, the money supply is reduced
Indicate whether the statement is true or false
T
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Which of the following is correct?
a. Deficits always require people to consume at the expense of their children. b. If the government uses funds to pay for investment programs, on net the debt need not burden future generations. c. If the government is in debt it must be running a deficit currently. d. The current government debt is a large share of lifetime income.
Governments and legislatures can erect barriers to entry. Which of the following would NOT be one of them?
A. licenses B. patents C. tariffs D. laws that ensure property rights
What can be concluded when gross private domestic investment exceeds depreciation?
A. Net investment is negative. B. The economy is importing more than it exports. C. The economy is exporting more than it imports. D. Net investment is positive.
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. This farmer's shutdown point is at a price of
A. $0. B. $4. C. $7. D. $10.