Which of the following is true?
A) An outstanding credit card balance is an asset that adds to your personal wealth.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
C) The power of compound interest benefits those with outstanding credit card balances.
D) An unused balance on your credit card is like money in the bank.
B) Interest rates charged by credit card companies are generally high because the loans are unsecured.
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When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope
A) increases; decreases; negative B) decreases; decreases; negative C) decreases; increases; negative D) increases; increases; positive E) decreases; decreases; positive
According to your authors, market clearing
A) is planned by all buyers. B) is planned by all sellers. C) is planned by all buyers and sellers. D) is planned by economists and government agencies. E) is an unintended consequence of people pursuing their own plans.
A decline in the value of net exports in the U.S. is most likely to result from an increase in ________
A) foreign income B) U.S. exports C) foreign real interest rates D) the value of the U.S. dollar
The four-firm concentration ratio
A) indicates the total profitability among the top four firms in an industry. B) is an indicator of the degree of monopolistic competition. C) indicates the presence and intensity of an oligopoly market. D) is used by the government as a basis for anti-trust cases.