In the Keynesian-cross model, if government purchases increase by 100, then planned expenditures ______ for any given level of income.
Fill in the blank(s) with the appropriate word(s).
increase by 100
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A stock is an obligation issued by a corporation that promises the holder to receive fixed annual interest payments and payment of the principal upon maturity
a. True b. False Indicate whether the statement is true or false
When a country allows trade and becomes an exporter of a good,
a. domestic producers become better off, and domestic consumers become worse off. b. domestic producers become worse off, and domestic consumers become better off. c. domestic producers become better off, but the effect on the well-being of domestic consumers is ambiguous. d. domestic consumers become worse off, but the effect on the well-being of domestic producers is ambiguous.
Comparing checks and currency, we can say:
A. only checks are both money and legal tender. B. both are money and legal tender. C. a check isn't money but currency is. D. both are money but only currency is legal tender.
If banks do not have enough reserves to satisfy the reserve requirement, they can borrow additional reserves in the federal funds market.
Answer the following statement true (T) or false (F)