The gasoline tax is based on the principle of
a. cost of service.
b. benefit received.
c. ability to pay.
d. equality of sacrifice.
b. benefit received.
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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.
An increase in the monetary base that goes into ________ is not multiplied, while an increase that goes into ________ is multiplied
A) deposits; currency B) excess reserves; currency C) currency; excess reserves D) currency; deposits
Bad health is an example of:
A. a social digression. B. a poverty trap. C. a societal trap. D. None of these is true.
When prices are predetermined, the level of output that equals planned aggregate expenditure is called ________ output.
A. potential B. the natural rate of C. induced D. short-run equilibrium