Which group or groups buy U.S. public debt?
a. Government agencies
b. Private individuals
c. Private institutions
d. All of the above.
d
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A decrease in the price level makes consumers feel wealthier, so they purchase more. This logic helps explain why the aggregate demand curve slopes downward
a. True b. False Indicate whether the statement is true or false
The most common international poverty measure is:
A. the poorest 1 percent of income earners within a given country. B. the number of people living on less than $5 per day. C. the absolute poverty line, as defined by the U.S. Census Bureau. D. the number of people living on less than $1.90 per day.
If people have never implemented an idea that you believe offers substantial opportunity:
A. your evaluation might be missing something and you should carefully revisit the first three economists' questions. B. you should conclude that you are being irrational. C. you should conclude people are irrational. D. you should seek a low interest loan immediately in order to launch your product.
Monopolistic competitive firms in the long run earn:
a. positive economic profits. b. zero pure economic profits. c. negative economic profits. d. none of these.