Demand deposits are a type of
a. checking account.
b. time deposit.
c. money market mutual fund.
d. savings deposit.
a
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Which of the following is likely to happen if the government increases its expenditure?
A) Price level will fall. B) Investment will decrease. C) Unemployment will increase. D) Consumption will increase.
Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. For these data, the CPI for 2012 is
A) 145. B) 110. C) 100. D) 10. E) 160.
Using the data in the above table, the unemployment rate is
A) 4.0 percent. B) 4.16 percent. C) 5.55 percent. D) 28.0 percent.
Exhibit 5-7 Demand curve for concert tickets
?
According to Exhibit 5-7, the demand for concert tickets between the prices of $10 and $40 is:
A. inelastic. B. elastic. C. unitary elastic D. perfectly elastic.