If the quantity of money supplied is greater than the quantity of money demanded, then the
A) price of financial assets falls.
B) money supply decreases.
C) nominal interest rate rises.
D) nominal interest rate falls.
E) price level falls.
D
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A demand curve with unit elasticity can never touch either the vertical or horizontal axes.
Answer the following statement true (T) or false (F)
Successful entrepreneurs
A) do not have to follow government regulations. B) provide new products and job opportunities for others. C) have high consumption rates and relatively low investment rates. D) are not influenced by government tax policies.
As a proportion of domestic output, taxes in the United States:
A. are lower than in most other industrially advanced countries. B. are higher than in most other industrially advanced countries. C. are approximately the same as in most other industrially advanced countries. D. doubled in the 1990s.
The tax cuts of 2008 were valued at approximately one percent of GDP.
Answer the following statement true (T) or false (F)