Most responsible central banks publish their balance sheet:
A. quarterly.
B. at least monthly.
C. semi-annually.
D. at least once a year.
Answer: B
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Pat Robertson, a TV evangelist and former Republican Party candidate for president, once said that “debt is an affront to God,” so good Christians should not spend beyond their incomes. Indeed, Robertson wants Christians to save more. If more Americans, Christians as well as others, took his message seriously, how would we represent the result using a Keynesian macroeconomic model?
A. A downward movement along the consumption function B. An upward movement along the consumption function C. A downward shift of the consumption function D. An upward shift of the consumption function
What to produce in a market economy is ultimately determined by the:
A. income plans of households. B. output decisions of business firms. C. spending decisions of households. D. workers' technical skills.
Refer to the information provided in Table 2.2 below to answer the following question(s).Table 2.2?MollyPeteAvatar Design68Tattoo Design32Refer to Table 2.2. For Pete, the opportunity cost of designing one tattoo is
A. 1/4 of an avatar design. B. 2 avatar designs. C. 4 avatar designs. D. 6 avatar designs.
The open-economy multiplier ________ the closed-economy multiplier.
A. is smaller than B. equals C. is larger than D. It can be smaller or larger than the closed-economy multiplier, depending on the size of MPM and MPC.