[MPC - MPM] equals the marginal propensity to
A. consume domestic goods.
B. export.
C. import.
D. save.
Answer: A
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An increase in the nominal interest rate, other things constant, will: a. shift the money demand curve to the right
b. shift the money demand curve to the left. c. increase the quantity of money people choose to hold. d. decrease the quantity of money people choose to hold. e. have no impact on the money demand curve.
During 1959 through 2010, the percent of poor families headed by an elderly person
a. rose. b. steadily declined. c. remained virtually unchanged. d. steadily increased until 1980 when it began to decline.
If the price of Bluetooth headsets rises 12 percent during a year when the level of average prices rises 13 percent, the relative price of Bluetooth headsets
A. Remains constant. B. Decreases. C. Increases. D. More information is required to answer this question.
Refer to the scenario above. The interest earned on the sum deposited is:
A) $300. B) $1,000. C) $1,300. D) $2,300.