Evidence on inheritance and current income shows
A) very little relationship between the two
B) that a little inheritance boosted incomes substantially
C) that few individuals receive inheritances
D) that very few people inherit more than $10,000
Answer: B) that a little inheritance boosted incomes substantially
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Differentiate between a solvent bank and an insolvent bank. Which of the two is likely to have a greater stockholders' equity?
What will be an ideal response?
The quantity of money decreases if
A) banks loan all excess reserves. B) the Treasury Department issues fewer government securities. C) the desired reserve ratio decreases. D) the Fed buys U.S. government securities. E) the currency drain ratio increases.
Aid is considered "tied" when it is
a. provided for restricted purposes b. required to be used for purchases from the donor country c. provided in exchange for the recipient's support in the United Nations d. required to be used solely for either public or private projects e. none of the above