When business leaders become pessimistic about future sales and profits and increase their spending on plant and equipment, their expectations are usually fulfilled
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following should be increased during a recession?
A) Income taxes B) Government spending C) Real interest rates D) Nominal interest rate
In the figure above, an increase in the supply of oil would result in a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
A straight-line production possibilities boundary differs from a concave boundary in which of the following ways?
A) The straight-line boundary shows opportunity cost, whereas the concave boundary does not. B) The straight-line boundary illustrates constant opportunity costs, whereas the concave boundary illustrates increasing opportunity costs. C) A straight-line boundary is associated with a command economy, whereas a concave boundary is associated with a free-market economy. D) The concave boundary illustrates constant opportunity costs, whereas the straight-line boundary illustrates decreasing opportunity costs. E) The straight-line boundary does not show scarcity, whereas the concave boundary does.
Which of the following serves as the central bank for the United States?
A. the Federal Reserve System B. the Department of Treasury C. the Federal Deposit Insurance Corporation D. the Congress