If the quantity of money demanded is less than the quantity of money supplied, then the interest rate will:
a) change in an uncertain direction
b) rise
c) fall
d) remain constant
Answer: c) fall
Economics
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a. Opportunity b. Scarcity c. Incremental d. Unimportant
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Which of the following are injections into the circular flow of income?
a. saving, investment, exports, and taxes b. investment, taxes, and imports c. saving, taxes, and imports d. investment, government spending, and exports
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Jenny Magalnick is a medical researcher at the National Institutes of Health. She produces a(n)
a. transfer b. entitlement c. public good d. merit good e. government good
Economics
If economics is correct in its assumption that people are rational, why then would anyone choose to smoke cigarettes?
Economics