Of the total M1, currency accounts for a little more than _____%.
A. 20
B. 30
C. 40
D. 50
D. 50
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In what way is the Social Security payroll tax regressive?
What will be an ideal response?
Refer to Figure 17.3. Assume X units of plants and equipment wear out each year. What will happen to the PPC in the future if the economy currently produces at a point near V?
A. It will stay the same. B. It will shift inward. C. It will shift outward. D. This cannot be determined with the information given.
If a manager adopted both project A and project B simultaneously, the variance in returns associated with this joint project would be:ProjectBoom (25%)Recession (75%)A$30-$15B-$15$20
A. 500. B. 18.75. C. 30. D. 75.
It is likely that a small increase in a country's saving rate will have
A. a large effect on per capita real GDP immediately because the increase in saving leads to a much larger rate of economic growth. B. a small effect on per capita real GDP many years later because the increase in saving will have very little effect on the growth rate. C. a large effect on per capita real GDP many years later because the increase in saving leads to a slightly higher rate of economic growth which has large effects over time. D. a small effect on per capita real GDP many years later because the increase in saving will be offset in later years by a decrease in the saving rate.