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Haskin Haskin
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6 years ago
An increase in government expenditures by 100 (unmatched by an increase in taxes) would, if the MPC = 0.90, result in an increase in real GDP by:
 a. 1,000.
  b. 9,000.
  c. 900.
  d. 190.
  e. inadequate information is given.

QUESTION 2

The main purpose of the Fed is to:
 a. serve as the bankers' bank for member banks.
  b. regulate interest rates.
  c. print Federal Reserve Notes.
  d. regulate financial institutions.
  e. maintain the proper functioning of our money system.

QUESTION 3

Under socialism, factories, farms, mines, and natural resources are owned by:
 a. laborers. b. government.
  c. private stockholders. d. no one.

QUESTION 4

If the MPC = 1, the spending multiplier is:
 a. infinite.
  b. zero.
  c. 10.
  d. 100.
  e. 1.

QUESTION 5

Who owns the Fed?
 a. The federal government.
  b. The states.
  c. The District Federal Reserve Banks.
  d. All banks.
  e. Member banks.
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Kim12345678900Kim12345678900
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6 years ago
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Haskin Author
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#2
6 years ago
Passed my quiz with this!
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#3
6 years ago
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