Unemployment rises in ____, and falls in ____
a. peaks; troughs
b. booms; recessions
c. expansions; contractions
d. contractions; expansions
d
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About 46 percent of M1 is composed of
A) demand deposits. B) money market mutual funds. C) savings deposits. D) currency held by the public.
In a Dutch auction, ________ with each bid
A) the price of the good increases B) the price of the good decreases C) the quantity of the good being offered increases D) the quantity of the good being offered decreases
"The price elasticity of demand is constant along a straight-line demand curve." Is this statement true or false?
Indicate whether the statement is true or false
The value of a loan of $100,000 after a year at 5 percent interest is:
A. $5,000. B. $95,000. C. $105,000. D. None of these is true.