Which of the following is NOT an example of a financial intermediary?
A. a pension fund
B. an insurance company
C. the U.S. Treasury Department
D. a credit union
Answer: C
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Use the information provided in Exhibit 11-4. If a person’s taxable income is $110,000, how much does he pay in taxes?
A) $21,750 B) $33,000 C) $24,750 D) $48,000
The available data strongly suggest that, as the "needs" argument would suggest, the demand for health care is virtually perfectly inelastic
Indicate whether the statement is true or false
Assuming that as a result of observed past increases in the aggregate price level, workers' expectation of the current price level rises. Then,
a. less labor will be supplied at each money wage because with the higher expectation about the aggregate price level since a given money wage corresponds to a lower real wage. b. the firm has to pay a higher money wage in order to obtain a given quantity of labor. c. more labor will be supplied at each money wage because with the higher expectation about the aggregate price level since a given money wage corresponds to a higher real wage. d. Both a and b e. Both b and c
A $250 million decrease in government spending causes
A. a larger change in a closed economy than in an open economy. B. a larger change in an open economy than in a closed economy. C. an equal amount of change in equilibrium output in an open and a closed economy. D. a larger change in a closed economy than in an open economy if the MPM is zero.