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Which of the following is an example of opportunity cost?

 

• Buying a new car instead of repairing the old one

• Spending money on a vacation instead of saving or investing it

• Spending money on a luxury item instead of paying off debt

• Eating out at a restaurant instead of cooking at home

GDP is increasing at an alarming rate what should the FED do?

• Increase the discount rate increase spending

• Decrease the discount rate and increase spending

• Increase the disount rate stop spending

• none of these

Another name for the discount rate is the federal funds rate

• True

• False

Fiscal policy is set by Congress and is fast moving moving

• True

• False

The the FED wants to stop spending in the economy they will _______________ the discount rate

• Increase

• Decrease

Not purchasing a good or service because they do not follow ethical practices

• political incentive

• social incentice

• ethical incentive

• moral incentive

If GDP falls for at least 2 Quarters, it is considered what stage of the business cycle?

• Bull

• Bust

• Recovery

• Contraction