Other things the same, a decrease in the price level makes the dollars people hold worth
a. more, so they can buy more.
b. more, so they can buy less.
c. less, so they can buy more.
d. less, so they can buy less.
a
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In the United States there are some methods to save which reduce taxes on savings. These include
A) stock purchases. B) commodity purchases. C) money market accounts. D) retirement plans like 401Ks and 403Bs.
All of the following are limitations of direct consumer surveys except:
A) the possibility that consumers' responses may not reflect their actual behavior in the market place. B) the possibility of response biases because survey respondents may not want to reveal their true preferences. C) the likelihood that respondents will deliberately and systematically mislead interviewers. D) the possibility that the type of questions asked may unintentionally bias the respondent's answers.
According to real business cycle theory, which of the following events is least likely to cause a recession?
A) A decline in the money supply B) A decline in the capital stock C) A decline in productivity D) A decline in labor supply
Which of the following would NOT be an asset on a bank's balance sheet?
A) loans outstanding B) bank building C) cash in the vault D) transactions deposits