Demand-pull inflation happens during periods of full employment in the business cycle when demand for goods and services is growing faster than supply
a. True
b. False
Indicate whether the statement is true or false
True
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Antitrust laws allow the government to
a. prevent mergers. b. break up companies. c. promote competition. d. All of the above are correct.
Historically, which of the following has had the highest average annual rate of return?
A) U.S. Treasury bonds B) corporate bonds C) money market mutual funds D) corporate stocks
Answer the following statement(s) true (T) or false (F)
1.A bank with a reserve requirement of 12 percent has a money multiplier of 12. 2.The money multiplier allows a bank to calculate exactly how much money will be generated from a given deposit. 3.The Federal Reserve System is a publicly owned entity. 4.The members of the Federal Reserve Board of Governors are chosen by the Board’s chairman. 5.Most of the decisions influencing changes in the money supply are made by the heads of the 12 banks that make up the Federal Reserve System.
An example of a good that is rival in consumption is:
A. a radio program. B. a copy of an economics textbook. C. an economics web page. D. a lighthouse.