The value that society places on consumption that is sacrificed in the present is called
A. social marginal costs.
B. social marginal damages.
C. social rate of discount.
D. social returns.
C. social rate of discount.
You might also like to view...
Today, the full-employment unemployment rate in the United States is generally agreed to be
a. 2 to 3 percent. b. 3 to 4 percent. c. 4 to 5 percent. d. 5 to 6 percent.
Assume the required reserve ratio is 10 percent and the FOMC orders an open market sale of $50 million in government securities from member banks. If the oversimplified money multiplier is assumed, then the money supply will
a. increase by $500 million. b. increase by $100 million. c. decrease by $100 million. d. decrease by $500 million.
A reduction in the required reserve ratio has the instant effect of:
a. Increasing bank shareholders' equity. b. Increasing total bank reserves c. Increasing excess reserves. d. None of the above is correct. e. Increasing the monetary base.
Which of the following is NOT true about the aggregate demand curve?
A. The aggregate demand curve shows total planned real expenditures at different price levels. B. The aggregate demand curve considers the entire circular flow of income. C. Changes in the economic conditions in other countries will lead to a shift of the aggregate demand curve. D. The production possibilities curve determines the slope of the aggregate demand curve.