When a tax is lowered this will
A. raise both demand and supply.
B. lower both demand and supply.
C. lower only supply.
D. raise only supply.
D. raise only supply.
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In the early 1950s the two new factors that stimulated the United States' economy were ___________ and ____________.
Fill in the blank(s) with the appropriate word(s).
If the demand for a good increases because consumer income increases, the good is a(n):
a. inferior good. b. normal good. c. necessity good. d. luxury good.
Which of the following will not help to prevent bank runs?
a. government insurance of deposits b. fractional reserve banking c. 100% reserve banking d. All of the above prevent bank runs.
The price of one nation's currency in terms of the currency of another nation is called the
A. exchange rate. B. discount rate. C. IMF rate. D. fed funds ratio.