In the United States, which of the following is NOT a generally accepted economic function of government?
A. providing public goods
B. promoting competition in the marketplace
C. distributing consumer goods
D. ensuring economy-wide stability
Answer: C
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The immediate-short-run aggregate supply curve is:
A. vertical. B. downward sloping. C. upward sloping. D. horizontal.
All individuals and firms in a country must gain from trade in order for it to be beneficial to the nation
Indicate whether the statement is true or false
Speculative demand for money is a(n):
a. positive function of prices. b. inverse function of prices. c. positive function of interest rates. d. inverse function of interest rates. e. function of unexpected needs.
Which of the following describes a change that the Federal Reserve made in response to the financial crisis of 2007-2009?
A) The Fed extended the lender of last resort function to institutions other than banks. B) The Fed narrowed the scope of its open market operations, choosing to limit it to only buying Treasury securities from banks. C) The Fed discontinued its term auction facility (TAF) program. D) all of the above