Which of the following would be considered to be the most liquid?
A. money market mutual funds
B. checkable deposits
C. savings deposits
D. small time deposits
Answer: B
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Comparisons of economic activity over time should be made using:
A. nominal GDP per capita. B. current-dollar GDP. C. real GDP. D. nominal GDP adjusted for unemployment.
Technological advances that allow a good to be produced at a lower cost will shift the demand curve rightward.
Answer the following statement true (T) or false (F)
Refer to the scenario above. Which of the following is likely to happen if Elly is known to be vengeful?
A) Neither of them will make money. B) Only Elly will make money. C) Only Elly's employee will make money. D) Both Elly and her employee will earn money.
If a 10% decrease in the price of a good leads to a 20% increase in the quantity demanded, then what is the price elasticity of demand?
A. ½. B. 2. C. 20. D. 10.