The conventional policy tools available to the Fed include each of the following, except the:

Last year in a small economy, consumption spending was $12,000, investment spending was $3,500, government spending was $4, 000, exports were $1,150, and imports were $1,350. What was GDP for this economy last year?

What will be an ideal response?

The turnpikes built in the early 1800s were

(a) intercity toll roads. (b) highly profitable enterprises. (c) financed entirely by private enterprise. (d) regulated by the federal government.