The percent of disposable income that consumers have to pay for their debt is called:
A. a debtor's mark.
B. debt service.
C. the cost of debt.
D. debt accountability.
B. debt service.
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What will be an ideal response?
A rightward shift in aggregate demand will cause an increase in output and price level if aggregate supply is
A. Downward-sloping to the right. B. Upward-sloping to the right. C. Horizontal. D. Vertical.
In 1993 the federal government boosted income tax rates. In the seven years that followed:
A. tax revenues fell slightly. B. productivity growth slowed. C. the unemployment rate increased. D. tax revenues expanded rapidly.
Money lowers the transaction cost when: a. the economy is experiencing rapid inflation. b. its value is stable
c. the rate of inflation is uncertain. d. there is widespread deflation