Currency includes
a. paper bills and coins.
b. demand deposits.
c. credit cards.
d. Both (a) and (b) are correct.
a
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Identify the reasons why the quantity demanded of a product increases as the price of that product decreases
a. as the price declines, the real income of the consumer increases b. as the price of product A declines, it makes it more attractive than product B c. as the price declines, the consumer will always demand more on each successive price reduction d. a and b e. a and c
Margin calls are more likely to happen when markets are:
A. crashing. B. booming. C. stable. D. irrational.
Most macroeconomists believe that both fiscal and monetary policy can shift aggregate demand and that such interventions can be counterproductive
a. True b. False Indicate whether the statement is true or false
Which of the following is true of minimum-wage laws?
a. They affect skilled workers' wages. b. They create above-equilibrium wages for some unskilled workers. c. They create a shortage of unskilled labor. d. They negatively affect the employment of skilled workers.