The goal of the consumer is to
a. maximize utility.
b. minimize expenses.
c. spend more income in the current time period than in the future.
d. All of the above are the goals of the consumer.
a
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Explain what the four main categories of world economies are and give examples?
What will be an ideal response?
In the 1960s, banks started __________ in order to maneuver around the Glass-Steagall act
A) opening foreign branches B) using Section 20 affiliates C) forming one-bank holding companies D) dropping Federal Reserve membership
If the government increases its spending but does NOT raise taxes
A. the government will have to raise expenditures or lower taxes the next year. B. the government will have to borrow funds. C. aggregate demand will increase without any effect on the price level. D. the government will have to reduce the money supply.
The most difficult part of forecasting is
A. the complexity of the economy. B. not enough theoretical models. C. lack of computing power. D. insufficient data on the economy.