Saving is like:
A. selling the right to use your money for a time.
B. buying the right to use someone else's money.
C. selling the right to use someone else's money.
D. buying the right to use your money for a time.
A. selling the right to use your money for a time.
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All else equal, when oil prices decrease, people are ________ to look for oil substitutes. This will ________ the number of years it will take to deplete the stock of oil
A) discouraged; increase B) discouraged; decrease C) encouraged; increase D) encouraged; decrease
For most of the unemployed, unemployment spells are ________
A) longer than a year B) longer than 10 years C) permanent D) shorter than three months
Which of the following ia a belief of classical theory?
a. Long-run full employment. b. Inflexible wages. c. Inflexible prices. d. All of these.
The significantly high rates of inflation in the 1970s occurred, in part,
a. because of increased petroleum prices. b. due to high unemployment. c. despite falling gasoline prices. d. due to restrictive monetary policies.