The largest component of total spending is
A) private investment, the capital consumption allowance.
B) government spending on public goods.
C) private consumption on durable and non-durable goods.
D) public consumption of non-durable goods.
C
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The welders' union at Ajax is on strike. The maintenance union has decided to walk out in support of the welders' union. This is known as
A) a closed shop. B) a union shop. C) a sympathy strike. D) a secondary boycott.
A reduction in the required reserve ratio has the instant effect of:
a. Increasing the monetary base. b. Increasing excess reserves. c. Increasing bank shareholders' equity. d. Increasing bank reserves. e. All of the above are correct.
____________ is the day with the most frequent price drops,
Fill in the blank(s) with the appropriate word(s).
The economic impact of the multiplier is ____, and then becomes ____.
A. slow; faster B. small; tiny C. large; smaller D. small; larger