The increase in two wage earning families in the U.S. has resulted in a substantial increase in the percentage of disposable income spent on
A. Food.
B. Appliances and computers.
C. Services and transportation.
D. Luxury items.
C. Services and transportation.
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Consider an economy that has the following monetary data. The monetary base and the money supply are expected to grow at a constant rate of 20% per year. Inflation and expected inflation are 20% per year
Suppose that bank reserves and currency pay no interest, all currency is held by the public, and bank deposits pay no interest. What is the nominal value of seignorage over the year? A) $10 B) $60 C) $70 D) $200
An effluent fee
A) is a reward to companies using production methods that create positive externalities. B) is also called a pollution subsidy. C) gives a firm the right to pollute if it pays a tax on what it discharges. D) is intended to influence the market by increasing supply and decreasing price.
Owning a patent can provide a firm with monopolistic power
a. True b. False Indicate whether the statement is true or false
Because the consumer price index reflects the goods and services bought by consumers better than the GDP deflator does, it is the more common gauge of inflation
a. True b. False Indicate whether the statement is true or false