A British inventor sells a patent to a U.S. corporation for $25,000. If the financial account remains unchanged, the result is ________.
A. always desirable
B. undesirable if the economy is below full employment
C. always undesirable
D. undesirable if the economy is above full employment
Answer: C
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The policy directive from the FOMC is carried out by
A) the presidents of the district banks. B) the presidents of commercial banks that are members of the Federal Reserve System. C) the account manager at the Federal Reserve Bank of New York. D) private dealers in the bond market.
When faced with a marginal effluent fee (MEF), each polluting source will
a. abate up to the point where its total abatement cost (TAC) equals the MEF b. abate nothing and pay the MEF on all units of pollution released c. clean up pollution as long as its marginal abatement cost is lower than the MEF d. reduce its effluents to zero to avoid paying the effluent fee
A lower real interest rate ________ saving and ________ consumption spending.
A. does not change; does not change B. decreases; increases C. increases; decreases D. increases; increases
Identify three factors that affect consumer spending. How does a change in consumer spending affect aggregate demand?
What will be an ideal response?