As a unit of account, money is used
A) to hold purchasing power over time. B) to define prices of all other goods.
C) to pay off future debts. D) to exchange for goods and services.
B
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Which of the following statements is false?
A. The Dow Jones Industrial Average went down by 40 percent during the decade of the 1930s. B. Based on data from the period between 1926 and 2004, the probability of having a positive return on an investment in the stocks contained in the Dow Jones Industrial Average would have been 97.1 percent if the stocks had been held for 10 years. C. When reading the stock market page of a newspaper, if the column marked "Div." is blank, it means that the company does not currently pay out dividends. D. A stock that yields 4 percent is better than a stock that yields 5 percent, all else being the same.
An equal decrease in all bond interest rates
A) increases the price of a five-year bond more than the price of a ten-year bond. B) increases the price of a ten-year bond more than the price of a five-year bond. C) decreases the price of a five-year bond more than the price of a ten-year bond. D) decreases the price of a ten-year bond more than the price of a five-year bond.
Which of the following will cause the demand curve for Beatles' compact discs to shift to the right?
A) An increase in the price of the discs B) A decrease in consumers' incomes C) An increase in the price of Phil Collins' latest compact disc (a substitute) D) all of the above E) none of the above
The demand for health care is perfectly elastic
a. True b. False Indicate whether the statement is true or false