Flights to Paris are a normal good and people's incomes rise. At the same time, the price of jet fuel rises. The equilibrium price of a flight to Paris ________ and the equilibrium quantity of flights to Paris ________
A) might rise, fall, or not change; increases
B) falls; decreases.
C) rises; increases
D) rises; might increase, decrease, or not change
D
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The Federal Reserve is ________ the U.S. Treasury
A) under the control of B) independent of C) a part of D) a creation of
The government (G) category of gross domestic product (GDP) excludes welfare and other transfer payments
a. True b. False Indicate whether the statement is true or false
According to the classical economists, if the amounts of money people are planning to invest is greater than the amount that people want to save,
A. interest rates will rise and savings will rise. B. interest rates will fall and savings will fall. C. interest rates will fall and savings will rise. D. interest rates will rise and savings will fall.
The Federal Reserve System consists of which of the following?
A. Federal Deposit Insurance Corporation and Controller of the Currency. B. Board of Governors and the 12 Federal Reserve Banks. C. U.S. Treasury Department and Bureau of Engraving and Printing. D. Federal Open Market Committee and Office of Thrift Supervision.