Which of the following will not increase when net taxes decrease?
a. Saving
b. Disposable income
c. Consumption
d. Government expenditure
e. GDP
d
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In response to the overvalued dollar in the early 1970s, the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed, gaining international reserves
The huge purchase of international reserves meant that the German monetary base began to ________, leading to ________ growth in the German money supply. A) decline; sluggish B) decline; rapid C) grow; sluggish D) grow; rapid
If New York City expects that an increase in bus fares will raise mass transit revenues, it must think that the demand for bus travel is
a. elastic b. unit elastic c. inelastic d. perfectly inelastic e. 10
A circular-flow diagram is a visual model of the economy
a. True b. False Indicate whether the statement is true or false
Horizontal integration allows firms to do all of the following except:
a. reduce administrative costs. b. create brand identity. c. take advantage of cost savings due to economies of scale. d. fully integrate with primary care clinics and acute care nursing facilities