Which of the following is most important for young people wanting to increase their wealth and improve their living standard over time?
A) spending all of their current income on consumer goods and services
B) extensive use of credit cards to purchase needed items
C) purchasing a new car at least every two years
D) regularly saving and investing a portion of their income
D) regularly saving and investing a portion of their income
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The graph shown best represents:
A. a non-binding price ceiling.
B. a non-binding price floor.
C. a missing market.
D. a market for an inferior good.
If real gross domestic product is $2,000 billion and aggregate demand is $2,500 billion, unplanned inventory depletion must be taking place
a. True b. False Indicate whether the statement is true or false
A worker is ?underemployed? if she is working at a job for which her skills far exceed the requirements for the job
Indicate whether the statement is true or false
The speculative motive for holding money is
A. the desire to hold money to undertake unexpected transactions. B. the desire to hold money instead of other assets in anticipation of changes in economic conditions. C. the desire to hold silver instead of gold. D. the desire to hold money to complete purchases of goods and services.