The total amount the federal government has borrowed to make expenditures that exceed tax revenue is called
A) personal income taxes.
B) federal expenditures.
C) total government spending.
D) the net government revenue.
E) the national debt.
E
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Filling gaps in your information by generalizing based on observable characteristics is called:
A. statistical discrimination. B. signaling. C. building a reputation. D. proofing.
Profits of a monopoly are driven to zero
a. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly b. In the long run because the demand curve becomes more inelastic c. In the long run because the assets eventually move from low to high valued use d. In the short run because the demand curve becomes more elastic
The regional Federal Reserve Banks
a. are not allowed to make loans to banks in their region. b. regulate banks in their regions. c. have more voting members on the FOMC than does the Board of Governors. d. are each headed by a member of the Board of Governors.
Which of the following would cause the supply of dollars curve in the United States to shift to the right?
A. Japanese imports become less popular. B. The value of the dollar falls. C. The supply of dollars decreases. D. Japanese imports became more popular.