In reading the stock market quotes in the newspaper, the column with the heading "P/E" gives the
A. number of shares of the stock traded that day.
B. dividend per share divided by the closing price per share.
C. stock symbol for the company.
D. latest closing price per share divided by the latest available earnings per share.
Answer: D
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If the deficit is financed by selling bonds to the ________, the money supply will ________, causing aggregate demand to ________
A) public; rise; increase B) public; fall; decrease C) central bank; rise; increase D) central bank; fall; decrease
If the government wishes to increase its spending on goods and services by $10 billion without increasing the overall level of aggregate demand, it should
a. increase taxes by $10 billion. b. decrease taxes by $10 billion. c. increase taxes by more than $10 billion. d. increase taxes, but by less than $10 billion. e. leave tax receipts unchanged.
The program of unemployment insurance in the United States was created during the
a. Great Depression. b. Reagan recession. c. Kennedy administration. d. Great Society.
President Obama signed legislation that pumped $787 million worth of federal spending and tax cuts into the economy.
Answer the following statement true (T) or false (F)