Households acquire property through
A. inheritance only.
B. savings and inheritance.
C. supplying labor in the labor market.
D. savings only.
Answer: B
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Employers often end up laying off more workers during a recession due to ________
A) higher corporate taxes B) flexible wages C) tight monetary policy D) downwardly rigid wages
The unfunded nature of the Social Security system has no effect on investment
a. True b. False
Which of the following is not considered part of M2?
a. Small time deposits of less than $100,000. b. Money market mutual fund shares. c. Savings deposits. d. Large time deposits of more than $100,000.
Average total cost is very high when a small amount of output is produced because
a. average variable cost is high. b. average fixed cost is high. c. marginal cost is high. d. marginal product is high.