When people forget that money is ________ they often make ________ decisions.
A. liquid; rational
B. liquid; irrational
C. fungible; irrational
D. fungible; liquid
Answer: C
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A decrease in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending
A) increase; increase B) decrease; increase C) increase; decrease D) decrease; decrease
The current flows of goods, services, investment income, and unilateral transfers between a country and the rest of the world is called the:
A) current account. B) financial account. C) national income product account. D) none of the above.
The two traumatic events which disrupted China's economic development in the late 1950s and mid-1960s were the _________________________ and the _________________________.
Fill in the blank(s) with the appropriate word(s).
Government purchases are said to have a
a. multiplier effect on aggregate supply. b. multiplier effect on aggregate demand. c. liquidity-enhancing effect on aggregate supply. d. liquidity-enhancing effect on aggregate demand.