The value of GDP can be found by adding together
A. wages, consumption, investment, and imports.
B. government purchases, consumption, net exports, and investment.
C. consumption, government purchases, transfer payments, and net exports.
D. wages, investment, government purchases, and depreciation.
B. government purchases, consumption, net exports, and investment. (GDP can be found by adding government purchases, consumption, net exports, and investment together.)
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Typically, increasing the difference between the discount and federal funds rates causes
A) an increase in market interest rates. B) high corporate profits. C) no change in interest rates. D) a boom in the economy.
How does a bond sale by the Fed affect the money supply?
(A) The sale increases the money supply but not in the proportion that the multiplier effect would suggest. (B) The sale increases the money supply. (C) It does not affect the money supply. (D) The sale decreases the money supply.