The expectation of greater inflation resulting from the government's creation of money often results in a:
A. less inflationary pressure.
B. higher nominal demand for goods.
C. lower money velocity.
D. less rapid money growth.
Answer: B
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How much money do you need to put into a savings account that pays 10% interest compounded annually to have $10,000 in ten years?
a. $3,855.43 b. $2,881.22 c. $1, 926. 85 d. $ 3,026. 77
Over the course of the twentieth century there has been no pronounced tendency for concentration in the United States to increase
a. True b. False Indicate whether the statement is true or false
A curve that shows all of the alternative consumption bundles that the consumer likes equally well is called:
A. a budget constraint. B. an indifference curve. C. an individual demand curve. D. a consumption bundle curve.
Comparative advantage refers to the ability to produce output with fewer resources than any other country.
Answer the following statement true (T) or false (F)