The debt would cease to grow if
A. Interest rates fell.
B. Federal expenditures were greater than federal receipts.
C. The federal government balanced its budget.
D. None of the choices are correct.
Answer: C
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Property owned by individuals is called:
A. Common property B. Shared property C. Public property D. Private property
Refer to the scenario above. The opportunity cost of producing one pound of apples in Beta is:
A) 1/2 pounds of oranges. B) 15 pounds of oranges. C) 10 pounds of oranges. D) 2 pounds of oranges.
If aggregate planned expenditures equal real GDP, then
A) unplanned inventory changes equal zero. B) inventories decrease below their planned levels and businesses increase their production. C) inventories decrease below their planned levels and businesses decrease their production. D) inventories increase above their planned levels and businesses decrease their production. E) there is no equilibrium level of real GDP.
If the central banks of most countries do not set the exchange rates, why do they hold foreign exchange as one of their assets?
What will be an ideal response?