The primary tool of fiscal policy is
a. the money supply.
b. the stock market.
c. the federal budget.
d. regulation of the bond market.
C
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Is faster economic growth unambiguously better?
a. No, because growth has an opportunity cost. b. No, because growth serves no useful purpose. c. Yes, because more goods and services are always better. d. Yes, because it expands the production possibilities of an economy. e. Uncertain-economic growth has no answer to this question.
The existence of unemployment can be illustrated on a production possibilities curve by a(n)
A. point below or inside the surface of the curve. B. inward shift of the curve. C. movement along the curve. D. outward shift of the curve.
The function of money that allows individuals a method to compare the relative value of goods and services is
A) liquidity. B) medium of exchange. C) store of value. D) unit of accounting.
Which of the following is a liability of the Federal Reserve?
A) currency B) mortgage-backed securities C) U.S. government securities D) U.S. coins