Aggregate planned expenditure...
a) always equals actual aggregate expenditure
b) is always less than actual aggregate expenditure
c) is always greater than actual aggregate expenditure
d) equals actual aggregate expenditure at the equilibrium level of real GDP
d) equals actual aggregate expenditure at the equilibrium level of real GDP
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A cartel is
A) an agreement among competitors to regulate prices or output. B) a bond with no fixed maturity date. C) a contract between manufacturers and retailers. D) a highly leveraged buy-out. E) a shopping center in which all lessees pay the same percentage of common operating costs.
Which of the following statements is correct? a. To control the money supply, the Fed relies primarily on the reserve requirement
b. The discount rate is the rate of interest banks charge to their best customers. c. The Fed changes the reserve requirement frequently. d. Because the Fed has no way to earn income, it is dependent upon Congress for appropriations. e. Banks can turn a borrower's IOU into money.