Payments to households not in exchange for goods and services currently produced are:
a. transfer payments.
b. government purchases.
c. consumption expenditures.
d. investment expenditures.
a
Economics
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The Federal Open Market Committee consists of the
A) Federal Reserve chairman and the other six members of the Board of Governors. B) Federal Reserve branch bank presidents. C) Federal Reserve chairman and the Federal Reserve branch bank presidents. D) Federal Reserve chairman, the other six members of the Board of Governors, and five of the Federal Reserve branch bank presidents.
Economics
Use the following graph to answer the next question.
If the price level is initially at P1, then the economy will adjust by:
A. reducing the price level. B. decreasing the GDP produced. C. increasing output produced. D. increasing the total output demanded.
Economics