Credit card balances are:
a. included in both M1 and M2
b. included in M1 but not M2.
c. included in M2 but not M1.
d. not included in either M1 or M2.
d
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Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital and financial account changed?
What will be an ideal response?
Other things equal, a decrease in the cost of capital would be associated with an upward shift of the investment function and, hence, with a rise in aggregate expenditures
a. True b. False Indicate whether the statement is true or false
Which of the following provides public assistance to those who are blind and otherwise disabled?
A. Medicare. B. Supplemental Security Income (SSI). C. Medicaid. D. TANF.
(Figure: Guns and Butter) Look at the figure Guns and Butter. On this figure, points A, B, E, and F:
A) show that the opportunity cost of more guns increases but that of more butter decreases. B) indicate that society wants butter more than it wants guns. C) indicate constant costs for guns and increasing costs for butter. D) indicate combinations of guns and butter that society can produce using all of its factors efficiently.