If the Treasury borrows from the public and makes an expenditure of an equal amount, it will affect
A) the supply of currency.
B) the money supply.
C) the supply of government securities.
D) bank reserves.
C
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The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the Ricardian model is equal to ________ and it ________ as more cloth is produced
A) -MPLF/MPLC; is constant B) -MPLF/MPLC; becomes steeper C) -MPLF/MPLC; becomes flatter D) -MPLC/MPLF; becomes steeper E) -MPLC/MPLF; is constant
Nancy loves to landscape her yard, but her neighbor Tom places a low value on his landscaping. When Tom's grass is neglected and gets long, Nancy will mow for Tom. This is an example of: a. the fallacy of composition
b. a pollution tax. c. a private solution to a negative externality problem. d. how lazy Tom is.
The two key accomplishments of labor unions have been to _____________ and to provide some ___________.
Fill in the blank(s) with the appropriate word(s).
Describe the condition that would have a call option in the money. Now describe the condition that has a put option out of the money.
What will be an ideal response?