A debit card
A. is considered part of M1.
B. is just like credit card in that you pay for it with a check at a later time.
C. purchase takes money out of your checking account.
D. is considered part of M2.
C. purchase takes money out of your checking account.
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One of the potential upsides of contractionary fiscal policy is a reduction in
A. tax revenues. B. unemployment. C. output. D. payments on the national debt.
If the marginal rate of substitution is not diminishing, it must mean that tastes violate convexity (assuming that our other assumptions about tastes hold).
Answer the following statement true (T) or false (F)
A new medical study reports that washing your hair everyday increases the probability of baldness. Predict the effects of this report on the market for shampoo
What will be an ideal response?
___________________________—a term referring to the process of enacting laws that protect individual and entity rights to use their property as they see fit.
a. Property rights b. Rule of law c. Contractual rights d. Compliance rights