Which of the following decreases money demand?
A) Bonds become more risky.
B) The introduction of online banking.
C) Disruptions in the banking system.
D) An increase in ATM fees.
B
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Lizzie's preferences are shown in the figure above. Which of the following combinations of goods does Lizzie prefer the most?
A) 6 comic books and 20 cookies B) 8 comic books and 8 cookies C) 12 comic books and 10 cookies D) 4 comic books and 12 cookies
Since 1973, the average annual growth rate of real GDP per person in the United States has been slower than the average annual growth rate in
A) Germany and Canada. B) France and Italy. C) Japan and United Kingdom. D) France and Canada.
In a move to increase its openness, the Fed has consistently increased the amount of information available to the public. According to the new classical model, the Phillips curve the Fed faces should become more:
a. horizontal. b. very steep. c. vertical. d. unstable.
A regressive tax:
a. is designed to take a larger percentage of higher incomes as compared to lower incomes b. is designed in such a way that as a person's income rises, the amount of tax as a proportion of income rises. c. takes a greater proportion of the income of lower-income groups than of higher-income groups. d. is considered to be the most equitable type of tax.