The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
What will be an ideal response?
national debt.
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The larger the mpc, the ________ the income-expenditure multiplier and the ________ the effect of a change in spending on short-run equilibrium output.
A. smaller; larger B. larger; smaller C. larger; larger D. smaller; smaller
Economic growth is measured by
A) increases in the population. B) increases in GDP. C) increases in per capita real GDP. D) increases in the value of the total output of society.
An increase in the price level will
A) move the economy down along a stationary aggregate demand curve. B) move the economy up along a stationary aggregate demand curve. C) shift the aggregate demand curve to the left. D) shift the aggregate demand curve to the right.
All of the following are true regarding transfer prices except which one?
A) The transfer price is the internal firm price on an input that input-producing division charges the input-using division. B) The transfer price is the internal firm price on an input that input-using division charges the input-producing division. C) Law in many nations state that a transfer price must equal the price charged to an independent customer. D) Transfer prices can affect the taxes a firm must pay.