Governments usually provide national defense from tax funds because
A) everyone wants national defense.
B) national defense benefits everyone.
C) more security is better than less.
D) it is hard to supply national defense exclusively to the people who willingly pay for it.
D
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Which of the following variables that affect the money stock are outside the direct control of the Federal Reserve?
a. Currency/deposit ratio b. Excess reserve/deposit ratio c. Required reserve/deposit ratio d. The speed of the money creation process. e. Both a and b
The demand for Farm fresh brand apple juice is likely to be:
A. very price elastic, because there are many close substitutes available. B. less price elastic, because there are many close substitutes available. C. very price elastic, because the adjustment time is so fast. D. less price elastic, because the adjustment time is so slow. AACSB: Reflective Thinking
In a closed economy S = I, so in an open economy:
A. S = I ? NX. B. S = I + NX. C. S + I = NX. D. S + NX = I.
The definition of the unemployment rate is
What will be an ideal response?