The increased level of excess reserves that many banks held in 2008 made traditional monetary policy less effective.
Answer the following statement true (T) or false (F)
True
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Private saving increases to some extent when governments run large budget deficits, and private saving falls when governments reduce deficits or run large budget surpluses.
Select whether the statement is true or false. A. True B. False
An apple orchard currently hires 10 workers. The owner estimates that hiring an additional worker would increase apple yields by 20 bushels per day. The price of apples is $15 per bushel. The owner should hire the extra worker if the wage rate is no greater than
a. $50 per day. b. $150 per day. c. $200 per day. d. $300 per day.
In most rich countries, adult citizens typically have a
A. primary education. B. secondary education. C. higher education. D. graduate-level education.
Which of the following statements best describes government expenditure patterns?
A. The government's share of total economic activity has generally decreased since 1950. B. Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing federal government transfer programs. C. Government expenditure as a share of GDP has fluctuated wildly depending on which political party is in control. D. Most of the growth in government expenditures as a percentage of GDP is due to rapidly growing national defense programs.