The Federal Reserve System is the
A) insurance agency the insures deposits.
B) central bank of the United States.
C) law enforcement agency that tracks counterfeit money.
D) federal government agency that undertakes deregulation for depository institutions.
B
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Suppose a country has a national debt of $2,000 billion, a GDP of $28,000 billion, and a budget deficit of $115 billion. How much will its new national debt be?
A) $2,115 billion B) $1,885 billion C) $28,115 billion D) $25,885 billion
A change in income will
a. affect the demand for candy through the income effect of a price change b. affect the quantity demanded of candy through the income effect of a price change c. shift the demand curve for candy d. have no effect on the demand for candy, because income is assumed constant along a demand curve e. affect quantity demanded only if candy is a normal good