Related to the Economics in Practice on p. 466: Early results from the Save More Tomorrow retirement plans have shown ________ in the savings rates of the enrolled.
A. dramatic increases
B. significant decreases
C. mixed results
D. very little change
Answer: A
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The U.S. monetary policy implemented in 2008 was an attempt to
A) give billions of dollars to businesses and low- and middle-income Americans in order to stimulate business investment and consumption expenditure and thereby increasing AD. B) decrease interest rates in order to stimulate business investment and consumption expenditure, thereby increasing SAS. C) decrease interest rates in order to stimulate business investment and consumption expenditure, thereby increasing AD. D) decrease the exchange rate in order to boost net exports, thereby increasing AD.
The current official "base year" is
A) 2000. B) 1992. C) 1980. D) 1972.
BP has
A) only used external markets. B) used internal markets successfully to reduce emissions. C) used internal markets to deal with a network externality. D) none of these choices.
If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward.
Answer the following statement true (T) or false (F)