When bad storms slow the check-clearing process, float tends to ________ causing the Fed to initiate defensive open market ________
A) decrease; sales
B) decrease; purchases
C) increase; sales
D) increase; purchases
C
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In which case did the U.S. Supreme Court decide the Constitution was "intended to endure for ages to come and, consequently, to be adapted to various crises of human affairs"?
(a) Nebbia v New York (1934) (b) Munn v Illinois (1877) (c) McCulloch v Maryland (1819) (d) Dartmouth College v Woodward (1819)
Refer to Figure 9.7. Because of the policy, consumer surplus fell by
A) $10. B) $20. C) $12,500. D) $25,000. E) $45,000.
The Save More Tomorrow (SMarT) program is an example of a:
A. weak commitment device that was successful. B. strong commitment device that was successful. C. weak commitment device that was unsuccessful. D. strong commitment device that was unsuccessful.
If MPC = 0.8 and the economy is in equilibrium $500 below full-employment equilibrium, how much should government spending change to achieve full employment?
a. ?100. b. +80. c. ?80. d. +500. e. +100.