There is a movement along the demand for money curve if
A) the nominal interest rate rises.
B) there is an economic expansion so that real GDP increases.
C) banking customers use ATM machines more.
D) the price level increases.
A
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The federal government's fiscal year begins on ______ of the preceding calendar year
a. January 1 b. April 15 c. October 1 d. December 31
A change in taxes of a given amount affects an individual's consumption spending by less than that amount, because the marginal propensity to consume is less than 1
a. True b. False Indicate whether the statement is true or false
Which of the following best expresses the future value of $100 left in a savings account earning 3.5% for three and a half years?
A. $100(1.035)3.5 B. $100 × 3.5 × (1.035) C. $100(0.35)3.5 D. $100(1.035)3/2
Which of the following is a reason why we should consider the federal national debt a problem?
A) The federal government is in danger of defaulting on its debt. B) If the debt drives up interest rates, crowding out will occur. C) If the debt was incurred to finance improvements in infrastructure, crowding out will occur. D) If the debt was incurred to finance research and development, crowding out will occur.