An account issued by banks yielding a market rate of interest with a minimum balance requirement and a limit on transactions is a
A. money market deposit account.
B. certificate of deposit.
C. mutual funds account.
D. savings deposit.
Answer: A
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An increase in government spending causes:
a. Aggregate supply to rise, which reduces the nation's average price level and increases real GDP. b. Aggregate demand to rise, which increases the nation's average price level and reduces real GDP. c. Always causes the passive deficit to rise. d. Aggregate supply to rise, which reduces the nation's average price level and reduces real GDP. e. Aggregate demand to rise, which increases the nation's average price level and increases real GDP.
The split between the AFL and the CIO in 1935 had to do with
A. whether unions were to be organized along craft lines or industry lines. B. whether the unions were to pursue political goals or economic goals. C. communist influence in the American labor movement. D. corruption in the American labor movement.
When the economy slows down and national income falls, the government will have ________ tax revenue to fund programs.
A. more B. less C. about the same D. a rapid increase in
Suppose a sushi restaurant is making significant economic profit in the short run. In the long run
A. high barriers to entry keep people from opening sushi restaurants. B. the government will require the sushi restaurant to sell part of its interests in the city. C. more people will open steak restaurants, increasing the economic profit for the sushi restaurant. D. more people will open sushi restaurants, reducing the economic profit for each restaurant.