A measurement showing how the average price of a bundle of goods changes over time is a
A. nominal price.
B. real price.
C. price index.
D. sticky price.
Answer: C
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An indifference curve shows combinations of goods ________
A) which the consumer prefers equally B) that are affordable C) that are inside or on the budget line D) that have the same relative price
Which of the following constitutes a currency drain from the banking system?
a. Purchase of government securities b. New demand deposits c. Banks lending out all excess reserves d. A banking panic that leads to large withdrawals from banks e. Lower required reserve holdings
Stable money and prices are a key source of economic growth because
What will be an ideal response?
Suppose you are making $100,000 per year and paying $10,000 per year in income taxes. You get a $10,000 per year raise and your income taxes are now $15,000 per year. Based on this information, the income tax system is
A. progressive. B. regressive. C. bracketed. D. proportional.