The original goal of the Fed's founders was to prevent the
a. supply of money from increasing too rapidly.
b. supply of money from decreasing during downturns.
c. possibility of hyperinflation.
d. possibility of interest rates falling too rapidly.
b
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________ consumption is consumption that does not depend upon the level of GDP.
A) Autonomous B) Induced C) Voluntary D) Disposable
According to the Ricardo-Barro effect, if the government runs a budget deficit of $100 billion, by how much does the amount of equilibrium investment increase or decrease?
What will be an ideal response?
Cartels are formal agreements and are _____ in the United States.
a. legal b. rare c. common States d. illegal
If the marginal revenue product of land is greater than its price, a firm should
A. use less land. B. decrease the price it is willing to pay for land. C. try to decrease the productivity of land. D. use more land.