Karina likes to keep her assets in many forms. She has invested in stocks, purchased some valuable pieces of jewelry, deposited money into a retirement account, and added money to her checking account. Which of Karina’s assets is most liquid?
a. her checking account
b. the valuable jewelry
c. the stocks
d. her retirement account
a. her checking account
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Even if all individual demand curves are downwardly sloped, the market demand curve may slope upward.
Answer the following statement true (T) or false (F)
In 2008, the many people became unable to make payments on their mortgages and instead defaulted on them. As a result, the ________ of loanable funds curve shifts ________ and real interest rate ________
A) supply; leftward; increases B) demand; leftward; increases. C) supply; rightward; falls. D) demand; rightward; decreases.
If the demand for farm products is income elastic, that would mean that farm products were a necessity
Indicate whether the statement is true or false
Which of the following statements about the Social Security, Medicare, and Medicaid programs is true?
A) Spending on these three programs will rise from 10.4% of GDP currently to 19.7% of GDP by 2040. B) Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially. C) Some economists have argued for decreasing taxes to help with these programs' funding problems. D) Some economists have argued for increasing benefits to help with these programs' funding problems.