Assets that are used for money that have intrinsic value generally keep:
A. a more steady value than those that don't.
B. just as steady a value as those that don't.
C. a less steady value than those that don't.
D. a value that is not comparable to other assets.
A. a more steady value than those that don't.
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As the price is raised along a straight-line demand curve, the demand curve becomes more elastic
a. True b. False Indicate whether the statement is true or false
Prior to the creation of the Fed, promissory notes that were issued by banks with a pledge to redeem them for gold, were known as
a. assets b. transactions notes c. precautionary notes d. FDIC vouchers e. bank notes
Consider the following three items of spending by the government: (i) the federal government pays a $500 unemployment benefit to an unemployed person; (ii) the federal government makes a $2,000 salary payment to a Navy lieutenant; (iii) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in Bozeman. Which of these payments contributes directly to
government purchases in the national income accounts? a. only item (i) b. only item (ii) c. only items (i) and (ii) d. only items (ii) and (iii)
A firm's short-run supply curve is the firm's:
A. marginal revenue curve. B. marginal cost curve above the minimum point of the average total cost curve. C. marginal cost curve above the minimum point of the average variable cost curve. D. average cost curve, below the minimum point of the marginal cost curve.