When you accumulate more money,
A) the interest rate you are paid on your currency increases.
B) the opportunity cost of holding money decreases.
C) your marginal tax rate falls.
D) the marginal benefit of holding money decreases.
E) you earn a lower rate of interest on your checkable deposit.
D
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In the simple circular flow of income, whenever planned investment is equal to planned saving,
a. total output rises and prices fall. b. prices and total output tend to be stable. c. prices rise. d. total output increases.
When the percentage change in quantity supplied is equal to the percentage change in price, supply is said to be inelastic
Indicate whether the statement is true or false
WTO is the acronym for:
a. the World Traffic Organization. b. the World Trade Organization. c. the World Tariff Organization. d. the World Tax Organization.
State and local governments
A. accurately account for their pension liabilities. B. understate the present value of their pension liabilities by using a discount rate that is too high. C. overstate the present value of their pension liabilities by using a discount rate that is too low. D. understate the present value of their pension liabilities by using a discount rate that is too low.