A higher real interest rate typically induces consumers to:
a. To borrow more money.
b. Save less
c. Purchase more goods that are bought using credit
d. Purchase fewer goods that are bought using credit
d. Purchase fewer goods that are bought using credit
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The other checkable deposits component of the M1 measure reported by the Federal Reserve includes
A) negotiable time deposits. B) money market mutual fund shares. C) automatic transfer from savings accounts. D) money market deposit accounts.
If a country’s production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place. B) society is learning to use its resources more efficiently. C) the quantity of labor and capital have increased. D) resources have become more highly specialized.
Which of the following statements is true?
A. U.S. residents pay a higher percent of their income in taxes than the people in the provinces of Canada. B. The top marginal tax rate today is about half of the top marginal tax rate in 1960. C. Today the overall tax burden is about the same as what it was in 1929. D. Education in the U.S. is paid for exclusively by local taxes.
Under present U.S. law, cocaine is an example of
A. a capital good. B. a government-sponsored good. C. a government-inhibited good. D. a public good.