Financing government spending with taxes
A) causes both reserves and the monetary base to rise.
B) causes both reserves and the monetary base to decline.
C) causes reserves to rise, but the monetary base to decline.
D) has no net effect on the monetary base.
D
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Modern economists measure how much utility Fred gets from a hot dog by
A. asking Fred how many utils he gets from its consumption. B. examining the price of the hamburger Fred chose not to buy. C. asking Fred how much of some other good he would give up to get the hot dog. The “other good” can be any good except money. D. asking Fred how much of some other good he would give up to get the hot dog. The “other good” can be any good, including money.
Which of the following statements best describes the changes in life expectancy between 1940-2000 in the US?
a. The life expectancy of females increased substantially but there was little change for males. b. The life expectancy of African American males is higher than that of African American females, but the life expectancy of white males is lower than that of white females. c. The life expectancies of people of all races has remained about the same as advances in health have been offset by declines due to environmental factors. d. The life expectancy of people with Down's Syndrome grew by about 25 times, and the life expectancy of African Americans grew faster than the life expectancy of whites.
If a profit-maximizing, perfectly competitive firm is making only a normal profit in the short run, then the firm is in:
a. disequilibrium. b. equilibrium where MR exceeds minimum ATC. c. equilibrium where MR equals minimum AVC. d. equilibrium where P = AFC. e. equilibrium where P = ATC
When the real exchange rate decreases in the United States, then there is a(n) in U.S. demand for U.S. goods and a(n) in U.S. demand for Mexican goods.
a. decrease; increase b. increase; decrease c. increase; increase d. decrease; decrease