Demand deposits are deposits in banks that are available upon making a cash withdrawal or writing a personal check
a. True
b. False
Indicate whether the statement is true or false
True
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One of the first issuances of stock was offered by the:
A. East India Company. B. South Seas Company. C. Apple Company. D. North Seas Company.
Technically the elasticity number is negative because
A. When price falls quantity demanded will rise, but for simplicity economists take the absolute value of the elasticity number. B. When price rises quantity demanded will rise, but for simplicity economists take the absolute value of the elasticity number. C. The demand curve is upward-sloping. D. When price falls quantity demanded will fall, but for simplicity economists take the absolute value of the elasticity number.
Suppose the money growth rate is 3 percent, velocity is constant, and price level is growing at 2 percent. What is the growth rate of real GDP?
What will be an ideal response?
Which of the following is NOT a determinant of an individual's marginal product?
A. talent B. educational level C. experience D. money income