Which of the following U.S. Treasury securities represents ownership of the national debt?
a. Bonds owned by the banks and insurance companies.
b. Bonds owned by private individuals.
c. Bonds owned by foreigners.
d. All of these.
d
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If the demand for a product is perfectly inelastic, a decrease in the price of the product
A) will not change total revenue. B) will decrease total revenue. C) will increase total revenue. D) any of the above are possible.
During a(n) ________ many firms experience increased profits, which increases ________ and investment spending
A) expansion; cash flow B) recession; cash flow C) recession; business confidence D) expansion; government spending
Which of the following trends would lower the unemployment rate associated with full employment?
a. People become less educated over time. b. More people are willing to move to find a job. c. The government spends money to reduce the loss of jobs during a recession. d. A larger proportion of jobs are seasonal in nature. e. The federal government increases unemployment benefits.
The increase of ice cream sales and property crime rates at the same time shows which of the following?
a. one variable causing another variable b. two variables being caused by a third variable c. three variables having no connection between them d. two variables being caused by two other variables