The dominant currencies in the international bond market are the euro and the U.S. dollar
a. true
b. false
a. true
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In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
The activists' paradise requires
A) that government expenditures follow a fairly steady growth path. B) the ability to forecast perfectly future changes in demand and effects of changes in policy. C) policy to have powerful direct effects but no side-effects. D) B and C are both correct.
Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. We can conclude that the
A) firm is maximizing profit. B) firm's output is smaller than the profit maximizing quantity. C) firm's output is larger than the profit maximizing quantity. D) firm's output does not maximize profit, but we cannot conclude whether the output is too large or too small.
Which of the following is a valid statement?
a. Excess reserves = total reserves minus required reserves. b. Required reserves = the minimum reserves required by the Fed. c. Required reserve ratio = required reserves as a percentage to total deposits. d. All of these.