To fund its expenditures after the Great Recession, the U.S. government:
a. Borrowed in private capital markets.
b. Borrowed in the federal funds market.
c.Created money to finance its spending needs.
d. All of the above.
.A
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The figure above shows Tanya's consumption possibilities when the price of a restaurant meal is $20. If the price of a restaurant meal falls to $10 and Tanya buys 12 movie tickets, how many restaurant meals can she buy?
A) 2 B) 3 C) 4 D) 5
An increase in autonomous taxes
A) increases autonomous planned spending by an equal amount. B) decreases autonomous planned spending by an equal amount. C) increases consumption by that amount times the marginal propensity to consume. D) decreases saving by that amount times the marginal propensity to save.
2.2 "Supply-Side" Economics
What will be an ideal response?
When there is an excess quantity supplied
A) the market is in equilibrium. B) quantity demanded is greater than quantity supplied. C) quantity demanded is less than quantity supplied. D) prices will remain stable.