What is least accurate about marketing and selling in the US after the Civil War?
a. Advertising on a national scale became a widely accepted practice.
b. There was a large increase in firms with brand names.
c. There was a decrease in product differentiation—goods became more alike.
d. The quality of non-durable goods improved significantly.
c. There was a decrease in product differentiation—goods became more alike.
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When tax revenue exceed the government's outlays, the budget
A) has a deficit and the national debt is increasing. B) is balanced and the national debt is decreasing. C) has a surplus and the national debt is decreasing. D) has a surplus and the national debt is increasing. E) None of the above because by law tax revenue cannot exceed the government's expenditures.
Assume the desired reserve ratio is 10 percent, banks loan all excess reserves and the currency drain is zero. If the Fed sells $100 million of U.S. government securities to Boise Bank, the monetary base increases by
A) $1 million. B) $10 million. C) $100 million. D) $1,000 million. E) $90 million.
Another expression for disposable income would be
a. income left over after subtracting deductions such as 401Ks and health insurance b. income left over after subtracting taxes c. income left over after subtracting fixed payments like rent or car payments d. income left over after subtracting all required spending items such as food, utilities, etc. e. income left over after subtracting transfer payments
The phases of the business cycle are prosperity, downturn, depression, and recession
Indicate whether the statement is true or false