In what way is consumer demand different from consumer wants?
a. Demand is only for necessities.
b. Demand is only for luxuries.
c. Demand takes into account the ability to pay.
d. Consumer wants are only for luxuries.
e. Consumer wants are only for necessities.
C
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Which of the following is not one of the three major credit bureaus in the U.S.?
a. Equifax b. Experian c. American Express d. Trans Union
Which of the following will be most likely to dampen the expansionary effects of an increase in government spending financed by borrowing?
a. The budget deficit will cause business decision makers to become more optimistic. b. The increase in demand for loanable funds as the result of borrowing will cause interest rates to rise and private investment to fall. c. The increase in government spending will cause the money supply to expand, thereby causing an inflationary boom. d. The additional borrowing will cause the central bank to buy more bonds, which will reduce aggregate demand.