According to the quantity theory of money, changes in the price level are primarily the result of changes in the:
A. quantity of money.
B. unemployment rate.
C. rate of spending.
D. total output.
A. quantity of money.
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When an economic event causes demand or supply to shift, prices and quantities set off in the general direction of:
a. equilibrium. b. disequilibrium. c. stabilization. d. maximization.
The term tax incidence refers to how the burden of a tax is distributed among the various people who make up the economy
a. True b. False Indicate whether the statement is true or false
In a market economy with no government intervention, the HOW to produce question is based on
A. Production costs alone. B. Consumer demand. C. Environmental considerations only. D. Production costs plus environmental considerations.
The incentive of holding excess reserves is equal to
A. the interest rate earned on excess reserves. B. the federal funds rate. C. the discount rate. D. none of these.