An interest-earning account that can be withdrawn at any time without payment of a penalty is a
A. savings deposit.
B. certificate of deposit.
C. government security account.
D. money market deposit account.
Answer: A
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This Scenario addresses the economic concept of
A) financial intermediaries. B) deposit insurance. C) retained earnings. D) present value.
In the figure above, if the MPC increased, the aggregate expenditure lines would ________ and the multiplier would ________ in value
A) not change; rise B) become steeper; fall C) not change; fall D) become steeper; rise E) become less steep; rise
Supply is best defined as the:
A) relationship between the quantity of a good or service buyers are able to purchase, all other things unchanged. B) relationship between the quantity of a good or service buyers are willing to purchase, all other things unchanged. C) relationship between the quantity of a good or service sellers are willing to offer for sale and various prices, all other things unchanged. D) quantity of a good or service sellers are willing to offer for sale at a specific price, all other things unchanged.
The marginal rate of substitution of an isoquant curve is the rate at which:
A. inputs must be substituted for one another to keep costs constant. B. the marginal productivity of a factor declines. C. inputs must be substituted for one another to keep output constant. D. inputs are substituted for output.