A scatter diagram could help a policy maker decide on the size of a tax cut necessary to increase consumer expenditures by a certain amount
a. True
b. False
Indicate whether the statement is true or false
True
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An example of a good that is both rival and excludable is
A) the defense services provided by a new stealth bomber. B) a pair of pants. C) a beautiful sunset. D) an uncrowded theme park such as Walt Disney World.
Suppose that a bank with no excess reserves receives a deposit into a checking account of $10,000 in currency. If the required reserve ratio is 0.20, what is the maximum amount that the bank can lend out?
A) $2,000 B) $8,000 C) $10,000 D) $50,000
American unions came under increasing pressure in the 1950s because of stronger competition both at home and abroad
a. True b. False Indicate whether the statement is true or false
The quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment determine the:
A. real interest rate. B. average labor productivity. C. labor force participation rate. D. unemployment rate.