An individual's permanent income is
A) constant over time.
B) the same as his current income.
C) unaffected by tax changes.
D) equal to his expected average income.
D
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Deposit made by the public into a savings account are referred to as:
A) current deposits. B) stockholders' equity. C) demand deposits. D) overdraft.
Refer to the scenario above. Arthur should place a bid of ________
A) $187.50 B) $200 C) $225 D) $250
What types of money are considered in the measurement of M1?
a. currency b. coins c. checkable deposit d. all of the above are considered in the calculation of M1
Adverse selection is the process by which
A. full-disclosure becomes impossible. B. adversaries communicate negative messages. C. "undesirable" members of a particular market are less likely to participate in exchange. D. "undesirable" members of a particular market are more likely to participate in exchange.