Which of the following is NOT a component of private investment, for purposes of GDP accounting?
A) additions to firms' stock of inventories B) newly produced housing
C) newly built factories D) purchases by firms of used machinery
D
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The U.S. debt problem is caused by the government only; individuals don't go into debt
a. True b. False Indicate whether the statement is true or false
Suppose you have a limited money income and you are purchasing products A and B, whose prices happen to be the same. To maximize your utility, you should purchase A and B in such amounts that:
A. their marginal utilities are the same. B. their total utilities are the same. C. their marginal and total utilities are proportionate. D. the income and substitution effects associated with each are equal.
Suppose there is a Fed purchase of bonds and simultaneous tax cut. We know with certainty that this combination of policies must cause
A) an increase in the interest rate (i). B) a reduction in i. C) an increase in output (Y). D) a reduction in Y.
Which of the following is not an example of a transfer payment?
A) unemployment insurance payments B) health insurance payments to an army private C) social security payments to retirees D) social security payments to disabled persons