The national debt
A) decreases with a budget deficit.
B) increases with increases in government spending.
C) increases with open market purchases by the Federal Reserve.
D) increases with a budget deficit.
D
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Your willingness to pay more to fly to your vacation spot on the coast rather than incur the cost of driving there indicates that:
a. you place a high value on your time. b. you place a low value on your time. c. you believe time has zero value. d. you believe time is valued at your wage level.
If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that:
A. unemployment increases. B. unemployment falls. C. cyclical unemployment increases. D. frictional and structural unemployment increase.
Which of the following is NOT a motive for holding money?
a) the transaction motive b) the speculative motive c) the asset motive d) all of the above are motives for holding money
For a risk-averse individual, marginal utility of income does not diminish.
Answer the following statement true (T) or false (F)