The immediate, direct effect of someone's cashing a check at a commercial bank is
A) a decrease in the stock of money (M1).
B) an increase in the stock of money (M1).
C) no change in the stock of money.
D) unknown until the check casher spends the currency withdrawn from the bank.
C
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What is the water and diamonds paradox of value and what is its resolution?
What will be an ideal response?
When there are no constitutional constraints on democracy, politicians will
A) find it advantageous to provide income transfers and other favors to interest groups in exchange for votes and political contributions, and this will eventually lead to budget deficits, high taxes, and economic stagnation. B) impose high taxes that will lead to budget surpluses, which will eventually undermine economic progress. C) be reluctant to run budget deficits during a recession and this failure will lead to economic instability and stagnation. D) be reluctant to impose regulations and eventually unbridled market competition will undermine economic progress.
In the last two decades, women have completely closed the gender earnings gap.
Answer the following statement true (T) or false (F)
Today the United States spends as much on defense as _____ of the nations combined.
Fill in the blank(s) with the appropriate word(s).