A variable that tends to move later than aggregate economic activity is called
A) a leading variable.
B) a coincident variable.
C) a lagging variable.
D) an acyclical variable.
C
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Public housing is an example of
A. Money income. B. In-kind income. C. Personal expenditure. D. Free goods.
A permanent increase of borrowing by the U.S. Treasury to finance growing budget deficits will:
A. result in U.S. Treasury yields being higher than high-grade corporate bonds. B. result in lower yields on corporate bonds. C. cause the yield on U.S. Treasury bonds to increase, but still be lower than corporate bonds. D. result in the price of U.S. Treasury bonds rising.
An increase in the money supply will
A) increase the interest rate. B) decrease the interest rate. C) have no affect on the interest rate. D) decrease the equilibrium quantity of money in the economy.
The prototype of suburban tract development was in
A. San Luis Obispo, California. B. Camden, New Jersey. C. Butte, Montana. D. Levittown, New York.