The Federal Open Market Committee (FOMC) serves as the fiscal agent for the U.S. government.
Answer the following statement true (T) or false (F)
False
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Consumers value the product-specific services for a new smartphone at $30 and the marginal cost to the retailers for providing the product-specific services is $40. If the retailers provide the product-specific services, which of the following is true?
A) The shift in the market demand will be exactly double the shift in the market supply. B) The shift in the market demand will equal the shift in the market supply. C) The shift in the market demand will exceed the shift in the market supply. D) The shift in the market supply will exceed the shift in the market demand.
The 2008 financial crisis was caused largely by:
A. a bursting of the automobile market bubble. B. by the inability of the government to issue Treasury bonds. C. a run on banks and other financial institutions. D. a bursting of the housing market bubble.
When crowding out occurs, higher government spending results in higher interest rates, which in turn results in:
A. higher inflation. B. less consumption and investment. C. a larger debt ceiling. D. more tax revenues.
The ________ a corporation keeps to finance future expansion are known as retained earnings
A) profits B) stock C) dividends D) bonds