Suppose America is currently experiencing an AD Excess of $900 billion. By how much should the federal government increase income taxes to return the economy to a long-run macro equilibrium? Assume the Marginal Propensity to Consume (MPC) is 0.75.

The Chairman of the Federal Reserve System is appointed to a ____ term of ____ years.

The Chairman of the Federal Reserve System is appointed to a ____ term of ____ years.

Which piece of legislation gives the US federal government the power to tax personal incomes?

The term Open-Market Operations refers to:

The requirement of a double coincidence of wants is the chief ___ of the ___ system.

A change in the value of the Required Reserve Ratio causes a change in:

A change in the value of the Required Reserve Ratio causes a change in:

Suppose a private bank confronts a required reserve ratio of 20% and currently holds no excess reserve dollars. If a customer deposits $20,000 into her checking account at this bank, then:

Suppose a private bank confronts a required reserve ratio of 20% and currently holds no excess reserve dollars. If a customer deposits $20,000 into her checking account at this bank, then: