"Official" recessions in the United States are declared by:
A. the National Bureau of Economic Research.
B. Congress.
C. the Federal Reserve.
D. the U.S. department of the Treasury.
Answer: A
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A short-term debt instrument issued by well-known corporations is called
A) commercial paper. B) corporate bonds. C) municipal bonds. D) commercial mortgages.
Explain dynamic and defensive open market operations. What is the purpose of each type? Describe two situations when defensive open market operations are used. How are defensive open market operations typically conducted?
What will be an ideal response?
Which of the following would be most likely to cause the per capita income of less-developed countries to rise?
a. development of strong labor unions b. more rapid population growth c. investment expenditures that enhance the human capital of labor force participants d. an international minimum wage law
Pat bought a new car for $15,500 but was willing to pay $24,000 . The consumer surplus is
a. $8,500. b. $15,500. c. $24,000. d. $39,500.