Which of the following is the best example of a public good?
a. a government-run health care system
b. the Walt Disney World amusement park
c. national defense
d. long-distance telephone service
C
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The transactions demand for money exists because households
A) do not like the fact that money is a liquid asset. B) must save for unexpected emergencies. C) are insensitive to interest rate changes. D) do not receive their incomes at the same time they wish to make purchases.
The quantity of reserves supplied increases as interest rates rise because
a. the Treasury borrows more at higher interest rates. b. consumers don't want to borrow as much so more money is left in banks. c. as interest rates rise, banks fear losses so they decrease lending. d. banks find it more profitable to loan out excess reserves to other banks.
Summarize how the law of supply explains the effects of price on the quantity supplied
What will be an ideal response?
The National Income and Product Accounts (NIPA) help economists and policymakers to:
A. determine which firms are likely to succeed or fail. B. follow the long-run course of the economy to determine whether it has grown or stagnated. C. measure what is occurring in each specific labor market. D. accomplish all of these.