Alberta buys a paint sprayer and a lift for her car customizing shop. A macroeconomist would refer to these purchases as investment
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose that when the price of pickles decreases, Teddy increases his purchase of ketchup. To Teddy
A) pickles and ketchup are complements. B) pickles and ketchup are normal goods. C) pickles and ketchup and substitutes. D) pickles are a normal good and ketchup is an inferior good.
In May 1991, the FDIC announced that it would sell the government's final 26% stake in Continental Illinois, ending government ownership of the bank that it had rescued in 1984
The FDIC took control of the bank, rather than liquidate it, because it believed that Continental Illinois A) was a good investment opportunity for the government. B) could be the Chicago branch of a new governmentally-owned interstate banking system. C) was too big to fail. D) would become the center of the new midwest region central bank system.