For the U.S. economy, the most important reason for the downward slope of the aggregate-demand curve is the interest-rate effect
a. True
b. False
Indicate whether the statement is true or false
True
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Two types of barriers to entry are called ________ barriers to entry and ________ barriers to entry
A) legal; illegal B) natural; legal C) natural; illegal D) natural; rent seeking E) ownership; rent seeking
The Board of Governors has
A) seven members appointed to 14-year terms. B) 14 members appointed to 10-year terms. C) four members appointed to seven-year terms. D) 14 members appointed to four-year terms. E) seven members appointed for life.
In a Dutch auction, the ________ wins the good
A) bidder who bids up to his value for the good B) bidder who stops the auction C) bidder with the lowest value for the good D) second bidder
In order to be able to consume more in the future, you have to consume
A) less today and save the difference. B) more today to increase supply. C) more consumer goods. D) fewer capital goods.