Gross domestic private investment, as defined in national income accounts, would include the following, except:
A. Changes to business inventories
B. All domestic construction done by the private sector
C. Government construction of new highways and dams
D. The value of all capital goods bought by business firms
C. Government construction of new highways and dams
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The Consumer Price Index includes
A. the top selling 50 goods and services each month. B. all of the goods and services produced in the economy. C. only goods and services produced domestically. D. goods and services from 8 major categories.
When the Fed sells bonds on a mass scale
A) bonds go to the Fed, and dollars go into the banking system, so the money supply tends to rise. B) bonds go to the Fed, and dollars exit the banking system, so the money supply tends to fall. C) banks have fewer bonds and more dollars, so the money supply tends to rise. D) banks have more bonds and fewer dollars, so the money supply tends to fall.
Suppose a loaf of bread sold for $3.00 in 2008 . The price of bread then increases to $3.60 in 2009 . The price index for bread considering 2008 as the base year is _____
a. 1.20 b. 83.33 c. 120 d. 100 e. 20
New classical economics assumes that government has direct control over the equilibrium level of GDP and indirect control over the money supply
a. True b. False Indicate whether the statement is true or false