The federal government funds deficit spending by:
a. issuing bonds
b. redeeming bonds.
c. increasing taxes.
d. providing and selling government services.
a
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Physical objects are rival in the sense that ________
A) they are necessarily in opposition to one another B) they are nontrivial C) when they are used in one activity, they cannot be used in another D) some countries possess natural resources, e.g. oil, while some do not
A firm that controls both the upstream as well as the downstream stages of production is said to be:
a. functionally integrated. b. perpendicularly integrated. c. vertically integrated. d. horizontally integrated.
Which of the following is NOT an explanation for the shape of the aggregate demand curve?
A. real balance effect B. investment effect C. interest rate effect D. open economy effect
According to Keynes, real saving and real consumption spending are functions of
A. current educational attainment. B. current real disposable income. C. economic expectations. D. an individual's future earning potential.