Innovations in the United States, such as credit cards, debit cards, ATM:s, and online-banking have:
A. decreased the demand for money.
B. had no impact on the supply or demand for money.
C. increased the supply of money.
D. increased the demand for money.
Answer: A
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total fixed cost of production is
A. $20. B. $0. C. $10. D. $98.
Which of the following items has the largest price elasticity of demand?
A) food B) fruit C) oranges D) oranges from a Wal-Mart SuperCenter
The elasticity of supply is defined as the ____ change in quantity supplied divided by the ____ change in price
a. total; percentage b. percentage; marginal c. marginal; percentage d. percentage; percentage