Principles of Economics
The means that fiscal policy uses to attain its goals are the manipulation of
____________________ and ____________________________.
Welfare spending, unemployment compensation, and direct taxes are all examples of
When the MPC is 0.8, how much is the multiplier?
If GDP is 3,400, the multiplier is 5, and I rises by 15, what is the new level of GDP?
If GDP is 3,900, the multiplier is 8, and G falls by 10, what is the new level of GDP?
The world's first bankers were ___________________________.
What are the three functions of money?
The M1 money supply consists of _______________________,
_______________________, __________________________, and
Banks are very heavily regulated. The main reason for this is that
What is the most successful bartering system in the world?
Our paper currency is issued by __________________________________.
Our currency is backed by _________________________________________.
If the Fed wants to increase the money supply, it will follow these steps:
If the reserve requirement were 15-percent, how much would the deposit multiplier be?
Control of the Federal Reserve is held by _______________________________.
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