Defining money becomes ________ difficult as the pace of financial innovation ________
A) less; quickens
B) more; quickens
C) more; slows
D) more; stops
B
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What are the three forces that cause the aggregate demand curve to slope down? Explain
What will be an ideal response?
What do Fannie Mae and Freddie Mac have in common?
A) They are both investment banks. B) Both firms issue bonds on behalf of the government. C) Both firms went out of business in the 2008 financial crisis. D) They are both pension funds. E) They are both government-sponsored mortgage lenders.
If the price elasticity of supply is equal to 1, we would say the supply of the item is
A. elastic. B. inelastic. C. unit elastic. D. perfectly elastic.
The marginal utility from the consumption of a good is equal to the
A) total utility divided by the quantity consumed. B) total utility divided by the price. C) change in total utility divided by the change in the quantity consumed. D) change in total utility divided by the change in price.