(Consider This) Newspaper dispensing devices seemingly "trust" people to take only a single paper, but the devices actually rely on the law of:
A. supply.
B. increasing opportunity costs.
C. demand.
D. diminishing marginal utility.
Answer: D
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When there is a threat of inflation in the economy, the Fed can ________ the federal funds rate to ________ aggregate demand and ________ the price level
A) raise; decrease; decrease B) lower; increase; increase C) lower; increase; decrease D) raise; increase; decrease E) raise; decrease; increase
Why might IS policies make a country likely to incur a large foreign debt?
What will be an ideal response?
The large quantity of currency held per person in the United States reflects
A) The high level of GDP per person in the United States. B) The income-expenditure identity. C) The importance of the underground economy. D) The distrust of banks in the United States.
Present value:
A. is how much an amount of money obtained in the future is worth today. B. does not account for inflation. C. is always greater than the future value of money. D. All of these statements are true.