In the four-sector circular flow model, households will use their incomes to do all but which one of the following?
a. Save.
b. Pay taxes.
c. Buy domestic goods and services.
d. Buy imported goods and services.
e. Invest.
e
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When the Fed extends a $100 discount loan to the First National Bank, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.
Fiat money: a. has value because people accept it
b. has a high intrinsic value. c. is backed by commodity reserves. d. is money because of its metallic content. e. is frequently clipped.
Big-push development projects normally require government funding because private sources are unwilling, and often unable, to support such large projects
Indicate whether the statement is true or false
Teenage unemployment rates have consistently been much higher than the overall unemployment rate and black teenagers have fared worse than white teenagers
a. True b. False Indicate whether the statement is true or false