Which of the following would not be included in government purchases?
a. The purchase of a computer by a government agency
b. Welfare payments
c. Wages of government employees
d. The purchase of a police car
e. Spending on a new missile program
B
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Banks can make loans as long as they have
A) deposits. B) reserves. C) required reserves. D) excess reserves. E) excess government securities.
In addition to the chairman of the Board of Governors, the FOMC consists of ________
A) six rotating members of the Board of Governors and five presidents of Federal Reserve banks B) six other members of the Board of Governors, four rotating bank presidents and the president of the New York Federal Reserve C) six other members of the Board of Governors and five presidents of Federal Reserve banks; all twelve rotating members D) twelve Federal Reserve Bank presidents E) none of the above
Starting from equilibrium in the money market, suppose the money supply increases. Other things being equal, this will cause an excess demand for money, leading people to sell bonds
a. True b. False Indicate whether the statement is true or false
Other things being equal, a decrease in the price of ethanol will
A. decrease the use of corn in ethanol production but increase the use of corn in HFCS (another product produced from corn). B. decrease the use of corn in ethanol production and in HFCS. C. decrease the use of corn in all corn uses. D. increase the use of corn in HFCS.