Which is a barrier to entry?
A. Profit maximization
B. Patents
C. Revenue maximization
D. Elastic product demand
Answer: B
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When the Federal Reserve increases the federal funds rate, bank loans ________, the supply of loanable funds ________, and the real interest rate ________
A) increase; increases; falls B) decrease; decreases; rises C) increase; increases; rises D) do not change; decreases; rises E) decrease; does not change; rises
Monetary policy refers to the actions the
A) Federal Reserve takes to manage the money supply and interest rates to pursue its macroeconomic policy objectives. B) Federal Reserve takes to manage government spending and taxes to pursue its economic objectives. C) President and Congress take to manage government spending and taxes to pursue their economic objectives. D) President and Congress take to manage the money supply and interest rates to pursue their economic objectives.
Which of the following would not be included as part of personal income?
a. Welfare benefits b. Food stamps distributed by the government c. Social security benefits d. Indirect business taxes e. Corporate dividend payments to stockholders
Which of the following will shift the aggregate demand curve outward?
a. tax cuts and government spending cuts b. tax increases and government spending increases c. tax cuts and government spending increases d. tax increases and government spending increases