Which of the following portions of the national debt impose a net interest burden on the federal government?
a. treasury bonds held by government agencies
b. treasury bonds held by private investors
c. treasury bonds held by the Federal Reserve system
d. treasury bonds held in the Social Security Trust Fund
b
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The Employment Act of 1946, which sets up the Council of Economic Advisers,
(a) was the final legislation of the New Deal. (b) grew out of the War Manpower Board's experience. (c) grew out of financial negotiations with Britain. (d) was the product of New Deal experience with fiscal policy.
Consider budget constraints A and B in the graph shown. The slope of A compared to the slope of B:
A. is steeper, showing that movie tickets are relatively more expensive in line A.
B. is flatter, showing that books are relatively less expensive in line A.
C. shows that the opportunity cost of books is smaller in line A.
D. shows that the opportunity cost of books is greater in line A.
Higher inflation makes relative prices
a. more variable, making it more likely that resources will be allocated to their best use. b. more variable, making it less likely that resources will be allocated to their best use. c. less variable, making it more likely that resources will be allocated to their best use. d. less variable, making it less likely that resources will be allocated to their best use.
An increase in net exports shifts the aggregate demand curve to the left.
a. true b. false