Public saving is the ______.
a. amount of income households have left after consumption and taxes, plus transfer payments
b. amount of income the government has left over after paying for its spending
c. theory that government borrowing drives up the interest rate and lowers consumption
d. practice of using corporate profits for capital investment rather than dividend payouts
b. amount of income the government has left over after paying for its spending
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In economics, the short run is the time frame in which the quantities of ________ and the long run is the period of time in which ________
A) some factors of production are variable; the quantities of all factors of production are fixed B) all factors of production are variable but technology is fixed; technology is variable C) all factors of production are fixed; the quantities of all factors of production can be varied D) some factors of production are fixed; the quantities of all factors of production can be varied
A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
What is an externality? How do positive and negative externalities differ in their effects? How can government action correct positive and negative externalities?
What will be an ideal response?
The Fed:
a. has little control over the money supply. b. serves as the central bank for the United States. c. often uses a mix of lower taxes in its fiscal policy. d. ensures commercial bank profitability.