An increase in income will cause
A) a reduction in the supply of central bank money.
B) a reduction in the demand for currency.
C) an increase in the demand for reserves.
D) none of the above
C
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President Obama's stimulus package in 2009 included
A) new tax cuts but no change in government spending. B) tax increases and decreases in government spending. C) increases in government spending but no change in taxes. D) new tax cuts and increases in government spending.
A country's capital stock decreased after a war while its labor supply remained constant. Which of the following will happen in this case if output is a function of capital and efficiency units of labor?
A) Its total output will remain constant. B) Its total output will decrease. C) Its per capita output will remain constant. D) Its per capita output will increase.
Which of the following generates productive efficiency?
A) government inspectors B) government production rules and regulations C) competition among sellers D) competition among buyers
The mass use of credit cards began in 1958 with the BankAmericard. Its name changed in 1976 to
A) Visa B) Master Card C) Visa D) American Express