When people forget that money is ________ they often make ________ decisions.

A. liquid; rational
B. liquid; irrational
C. fungible; irrational
D. fungible; liquid


Answer: C

Economics

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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

Economics

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.

Economics

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).

Economics

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.

Economics