In 2017, the national debt was about ______.
a. $1 million per person
b. $1 million per household
c. $60,000 per person
d. $60,000 per household
c. $60,000 per person
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Refer to Exhibit 10-8. The marginal propensity to save (MPS) is
a. 4.00. b. 0.25. c. 0.10. d. 0.90. e. 0.75.
How is a firm's labor demand curve affected when the price of its product rises?
What will be an ideal response?
Stock market price quotations are an example of money serving as a
A) store of value. B) medium of exchange. C) unit of accounting. D) economic value.
If there is an excess supply of the domestic currency at a fixed exchange rate,
a. the currency will undergo a devaluation b. the currency will appreciate c. the country must switch to a floating exchange rate d. the central bank must buy up that excess supply or the exchange rate will fall e. the central bank must be up that excess supply or the exchange rate will rise