Government purchases in national income accounts would include payments for ________.
A. unemployment benefits
B. salaries for current U.S. military officers
C. public assistance for welfare recipients
D. Social Security checks to retirees
Answer: B
Economics
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The Federal Reserve Board of Governors consists of
a. seven members who serve 6-year terms b. 12 members who serve 14-year terms c. seven members who serve 4-year terms d. 12 members who serve 4-year terms e. seven members who serve 14-year terms
Economics
An increase in taxes (when Ricardian equivalence doesn't hold) causes the real interest rate to ________ and the price level to ________ in general equilibrium.
A. rise; rise B. rise; fall C. fall; rise D. fall; fall
Economics