Deficit financing tends to change the mix of output in the direction of more
A. Business sector goods.
B. Public sector goods.
C. International sector goods.
D. Private sector goods.
Answer: B
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The Federal Reserve will engage in a repurchase agreement when it wants to ________ reserves ________ in the banking system
A) increase; permanently B) increase; temporarily C) decrease; temporarily D) decrease; permanently
Use the following table to answer the question below.Dave's Production Possibilities ScheduleSimon's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn0160080201204060408080406040120208001600Dave's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans. Simon's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 2, 1 B. 1, 2 C. 2, 1/2 D. 1/2, 2
Which of the following could start a demand-pull inflation?
A) There is an increase in the quantity of money. B) There is an increase in government expenditures. C) There is an increase in exports. D) All of the above could be initial causes of demand-pull inflation.
In Figure 3.2, what is the variable cost to the producer? 
A. 0BCQ* B. 0PCQ* C. BP*C D. P*AC