Congress and the President passed a national health care policy. This is an example of
A) increasing the marginal cost of health care.
B) the government using economic tools to make policy decisions.
C) increasing the marginal benefit of health care.
D) normative versus positive economics.
E) answering the "how" question.
B
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Which of the following might lead banks to hold more reserves?
A. An increase in the demand for loanable funds B. A decrease in the legal reserve requirement C. Fear that customers will want to withdraw most of their deposits D. Fear that businesses may decide to borrow less to fund investments
GDP is a good proxy for the business cycle itself since ________
A) its real consumption spending component is procyclical and coincident B) its real investment spending component is procyclical and coincident C) it typically goes up in a boom and down in a recession D) all of the above E) none of the above