Financial instruments used primarily as stores of value include each of the following, except:
A. home mortgages.
B. bonds.
C. stocks.
D. futures contracts.
Answer: D
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An increase in the cost of an input will result in
A) a leftward shift in the firm's supply curve. B) an upward shift of the firm's marginal cost curve. C) a leftward shift of the market supply curve. D) All of the above.
In 1991, the Federal Reserve lowered the reserve requirement from 12 percent to 10 percent. Other things the same this should have
a. increased both the money multiplier and the money supply. b. decreased both the money multiplier and the money supply. c. increased the money multiplier and decreased the money supply. d. decreased the money multiplier and increased the money supply.
Deciding what the distribution of income should be is an example of normative economics.
Answer the following statement true (T) or false (F)
Payments made to individuals for which goods or services are exchanged are known as ______.
a. co-pays b. deductibles c. transfer payments d. taxes