Which of the following is a property of a public good?
a. A public good is free from externalities. b. Many individuals benefit simultaneously.
c. A public good is not subject to free riders. d. A public good is established by law.
b
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If this is a closed economy, the price of a TV will be ________.
A. $75 B. $175 C. $275 D. $125
An increase in bond prices accompanies a decrease in interest rates.
a. true b. false
The interest rate effect is part of the reason
A. the aggregate demand curve is downward sloping. B. the short-run aggregate supply curve is upward sloping. C. the long-run aggregate supply curve is vertical. D. the aggregate demand curve is upward sloping.
Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All figures are in billions. The interest rate in the economy is 4 percent. What should the Fed do to achieve a noninflationary full-employment level of real GDP?
A. Increase the money supply from $75 to $150 billion
B. Increase the money supply from $150 to $225 billion
C. Decrease the money supply from $225 to $150 billion
D. Make no change in the money supply