The decisions on the part of the government to increase spending by $5 billion will have the largest impact on aggregate demand when the spending is financed by the sale of bonds to
A. the member banks.
B. the public.
C. the Fed.
D. foreigners.
Answer: C
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In the prisoners' dilemma game, each player ________
A. consults the other player to determine his best action B. chooses the best outcome for the other player C. chooses the best outcome for himself D. chooses the best outcome for both players together
Which of the following is an example of a price ceiling?
A) the minimum wage B) agricultural price supports C) rent controls D) None of the above is correct.
Barter works best when: a. there is an absence of a double coincidence of wants
b. many different products are available in the economy. c. money is readily available to establish relative prices. d. each trader has what the other wants and wants what the other has. e. highly developed economies achieve extensive specialization of labor.
The Phillips Curve will shift because of:
A. expected inflation. B. normal inflation. C. hyperinflation. D. core inflation.