If the Fed conducts open-market sales, the money supply
a. increases and aggregate demand shifts right.
b. increases and aggregate demand shifts left.
c. decreases and aggregate demand shifts right.
d. decreases and aggregate demand shifts left.
d
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Utility is
a. the sense of pleasure or satisfaction derived from consuming goods and services b. the cost of acquiring goods and services c. the profit consumers earn from consuming goods and services d. the monetary value to consumers of goods and services e. the desire to consume goods and services
Suppose John earns $10,000 and James earns $200,000. Which of the following statements is false concerning their Social Security taxes?
A. Both will pay a Social Security tax. B. John will pay Social Security tax on all of his income. C. James will pay Social Security tax on the majority of her income. D. James will pay Social Security tax at a higher average rate than will John.
If a donut shop runs a special and sells a dozen donuts for $3.00, Tarik buys a dozen donuts each week. If donuts are not on special and the price is $6.00 per dozen, Tarik buys no donuts each week. Which of the following is true?
A. Tarik's utility from a dozen donuts is greater than $6.00. B. The value of Tarik's utility from a dozen donuts is at least $3.00 and less than $6.00. C. Tarik's utility from a dozen donuts is less than $3.00. D. Tarik's demand for donuts is inelastic.
When we talk about total saving, we add together personal saving, _______ saving, _______ saving and _______ saving.
Fill in the blank(s) with the appropriate word(s).