A government that uses a bureau rather than a private firm to provide some good or service
a. may have less opportunity for officials and legislators to reward friends and supporters with jobs
b. will always incur higher costs of production
c. will lose the ability to make decisions via the hierarchy of the market
d. may be better able to control details of production
e. will not be able to sell the good or service after it is produced
D
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Refer to Figure 8A.1. The stock of capital no longer increases once the economy reaches point
A) a. B) b. C) c. D) e.
Which is the most popular tool of the Fed used to control the stock of money?
A) Manipulating reserve requirements. B) Buying and selling government bonds. C) Manipulating the discount rate. D) Issuing new U.S. Treasury bonds.
Which of the following will the Federal Reserve do in order to increase the money supply?
a. sell government bonds b. buy corporate bonds c. sell common stock d. buy government bonds e. increase the salaries of its governors