Measured as a share of GDP, what happened to the net federal debt between 1990 and 2011?
What will be an ideal response?
It fell during most of 1990s, but rise sharply during 2001-2011.
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Which of the following market structures has the highest market concentration?
A) A monopoly B) An oligopoly with differentiated products C) A perfect competition D) A monopolistic competition
Autonomous aggregate expenditures decreases by $200 million, the marginal propensity to consume is 0.50, marginal propensity to invest is 0.25, and the marginal propensity to import is 0.10. Calculate the change in income
What will be an ideal response?
When analyzing public sector decision making, economic theory assumes voters, politicians, and government officials will
a. respond to changes in personal benefits and costs when making public sector choices. b. always pursue the public interest even when it conflicts with their private interests. c. generally ignore the personal costs and benefits associated with their choices. d. make decisions that seek to maximize the amount of benefits created for society as a whole.
If the Treasury borrows from the public and makes an expenditure of an equal amount, it will affect
A) the supply of currency. B) the money supply. C) the supply of government securities. D) bank reserves.