The Federal Reserve's primary function is to control the money supply

Trade deficits always lead to future decreases in consumption if the trade deficits

A) support current investment. B) support current consumption. C) require borrowing from abroad. D) support either current investment or current consumption.

If a student achieves a high SAT score, this

A) sends a signal to a college that the applicant will be a good college student. B) does not act as a screening device. C) is a moral hazard. D) provides a college with no information.