Money is "created" when:
A. A depositor deposits money at the bank
B. A bank grants a loan to a customer
C. Someone lends money to a friend or a family member
D. People use money to pay for stuff they buy from one another
B. A bank grants a loan to a customer
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Which of the following does NOT shift the short-run aggregate supply curve?
A) a change in the money wage rate B) technological progress C) a reduction in the price of a raw material D) a change in the price level
The ________ a corporation keeps to finance future expansion are known as retained earnings
A) dividends B) stock C) bonds D) profits
A point inside a nation's production possibilities curve can represent:
a. a recession. b. an increase in population size. c. an economic growth. d. a technological advancement. e. an improvement in living standards.
The significantly high rates of inflation in the 1970s occurred, in part,
a. because of increased petroleum prices. b. due to high unemployment. c. despite falling gasoline prices. d. due to restrictive monetary policies.