If the United States increased its budget deficit, and it is at or near full employment, the most likely effect is to crowd
a. in investment and crowd out net exports.
b. out investment and crowd in net exports.
c. in investment and crowd in net exports.
d. out investment and crowd out net exports.
d
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When cash is withdrawn from a checkable-deposit account at a bank, the
A. composition of money supply M1 does not change. B. money supply M1 increases. C. money supply M1 does not change but its composition changes. D. money supply M1 decreases.
Which of the following statements is true of minimum wages?
A) Minimum wages are sometimes referred to as wage ceilings. B) No state in the U.S. economy has ever enforced a minimum wage. C) Minimum wages are normally set above the labor market clearing wage rate. D) Minimum wages benefit firms and producers.
All else constant, an increase in the price of labor would cause the total amount of output that can be produced with a fixed amount of spending to ________. This would result in a movement to a ________ isoquant
A) increase; lower B) increase; higher C) decrease; lower D) decrease; higher
The market in which banks borrow from other banks for short periods of time is the
a. discount market b. federal funds market c. interbank loan market d. national bank market e. liquidity market