One of the main reasons for increasing income inequality in the United States is __________.

Goods that have been produced but not yet sold are referred to as

A) capital goods. B) inventories. C) understocks. D) pre-sold goods.

Which of the following will cause the demand curve for Beatles' compact discs to shift to the right?

A) An increase in the price of the discs B) A decrease in consumers' incomes C) An increase in the price of Phil Collins' latest compact disc (a substitute) D) all of the above E) none of the above

A bank is less likely to borrow from the Fed when the __________ falls relative to the __________

A) discount rate; required reserve ratio B) excess reserve; required reserves C) discount rate; federal funds rate D) federal funds rate; discount rate

Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 6 Chinese yuan, but it finds that the value of yuan is depreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?

A) Increase government spending within the U.S. B) Buy U.S. dollars. C) Sell U.S. dollars. D) Increase the money supply in the U.S.