Consumer equilibrium occurs where the budget line is tangent to the:
a. lowest possible indifference curve.
b. highest possible indifference curve.
c. utility maximizing indifference curve.
d. utility equalization indifference curve.
b
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Government expenditures on goods and services have an indirect impact on the aggregate demand, while taxes have a direct impact
a. True b. False Indicate whether the statement is true or false
The discount rate is
a. set in the money market. b. set by each member bank. c. set by the Federal Reserve Bank. d. the same as the federal funds rate.
Write the rule of 70 . Suppose that your great-great-grandmother put $50 in a savings account 100 years ago and the account is now worth $1,600 . Use the rule of 70 to determine about what interest rate she earned
There is a bill pending before the Kansas State Legislature that would prohibit private companies from selling health insurance and would make the state the single payer of health care bills. Private health insurance companies that have made above normal profits have spent large sums of money trying to ________. This is an example of rent-seeking behavior.
A. prevent this bill from being passed into law B. pass an even more restrictive bill C. fund the state for its single-payer system D. get this bill made into law