Currency includes coins and paper money in circulation and stored in the federal reserve vaults
a. True
b. False
Indicate whether the statement is true or false
False
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Both an NBA basketball player and a fast-food cook are going to graduate school. Who has a higher opportunity cost? Explain
What will be an ideal response?
If the interest rate increases from 6 percent to 10 percent per year, each $100 saved will earn
a. $4 per year more than before b. $6 per year more than before c. $10 per year more than before d. $16 per year more than before e. $60 per year more than before
Like profit-seeking, rent seeking is also a productive activity and contributes to the growth of the economy
a. True b. False Indicate whether the statement is true or false
Which one of the following persons would be classified as unemployed by the Bureau of Labor Statistics?
What will be an ideal response?