When a loan is repaid to a bank, the money supply contracts by the amount of the loan
Indicate whether the statement is true or false
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Credit cards are
A) money but are not a large part of the money supply. B) not money. C) money and are the largest part of the money supply. D) not money because they are not made of paper.
You own two different energy drink brands: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", sales of "600 minute energy" would
a. Increase b. Decrease c. Not change d. None of the above
Which of the following would most likely cause the demand for veggie-burgers to increase?
a. A decline in the price of veggie-burgers b. An increase in the price of tofu-burgers, perceived as a substitute for veggie-burgers c. An increase in the price of burger buns d. A decline in the prices of some of the vegetables used for the burger
Since 1925, the longest recession in the United States lasted:
A. 120 months. B. 43 months. C. 60 months. D. 21 months.