In order for something to be used as money, it must be _____
a. issued by the government
b. issued by banks
c. declared to be money
d. generally acceptable
e. made of something valuable
d
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Utility theory assumes that marginal utility of a good
a. increases as an individual consumes more of the good b. decreases as an individual consumes more of the good c. is greater than total utility as long as total utility is greater than zero d. is constant as long as the individual derives utility from the good e. is greater than total utility as long as marginal utility is greater than zero
Keynesian policy:
A. promotes spending more and taxing less to boost economic activity to potential GDP. B. refers to fiscal policy. C. refers to policies that actively shift aggregate demand in an effort to reach full employment. D. All of these are true.
As of 2015, for income distribution in the United States, the minimum family earnings in the top quintile were nearly ________ times the maximum family earnings in the bottom quintile.
A. 5 B. 10 C. 7 D. 3
What do bondholders and stockholders have in common?
A. Both are shareholders in the company. B. Both receive fixed payments on their securities each year. C. Both are claimants. D. Both have voting rights.