Need help! Multiple choice

1. A recession shows a. supply always equals demand. b. supply never equals demand. c. thousands of business people have misread market signals. d. real GDP must be lower than nominal GDP e. not enough households are using their credit cards. 2. According to the economic way of thinking, a. the private sector is more important than the public sector. b. the public sector is more important than the private sector. c. the public sector cannot be adequately studied using economic theory. d. people in society strive to advance the projects they are interested in, and they will advance their interests through market institutions or the institutions of government. 3. Who among the following provides a productive service? a. Bill, a talented software developer b. Monica, a paid Washington, D.C. intern c. Buggs, an illicit drug smuggler d. All of the above. 4. If the Fed purchases government bonds, it a. decreases bank reserves and the supply of money. b. decreases bank reserves but increases the supply of money. c. increases bank reserves and the supply of money. d. increases bank reserves but decreases the supply of money