Which of the following is a relevant cost?
A) replacement cost
B) sunk cost
C) historical cost
D) fixed cost
E) All of the above are relevant.
A
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Which government body is primarily responsible for regulating banks and ensuring the health of the banking system?
a. The U.S. Treasury b. Federal Deposit Insurance Corporation c. The Federal Reserve Board d. The regional Federal Reserve Banks
If a “conservative” wanted to increase aggregate demand, which of the following would he or she tend to favor?
A. An increase in government spending, because it has a larger multiplier than tax changes. B. A decrease in transfer payments, because it keeps the public sector small. C. An increase in transfer payments, because it has a larger multiplier than tax changes. D. A decrease in taxes, because it makes the public sector smaller.