A vertical LM curve means that
A) monetary policy has no impact on the interest rate.
B) monetary policy has no impact on income.
C) fiscal policy has no impact on the interest rate.
D) fiscal policy has no impact on income.
D
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By providing in-kind benefits such as company cars, a company benefits because _____
a. they can pay less for employees b. their employees are late less frequently c. employees are grateful d. they are taxed as ordinary income not business expenses
In order to be successful in a competitive market economy, an entrepreneur must
a. provide buyers at least as much satisfaction per dollar spent as the buyer could get elsewhere. b. supply consumers with goods and services valued less highly than the resources necessary to produce them. c. take resources from other producers, thus reallocating wealth but not creating new wealth. d. gain government grants and subsidies.
According to the law of demand, if the price of a good or service rises, the quantity demanded ______.
a. fluctuates b. stays the same c. increases d. decreases
Mary deposits funds into a CD at her bank. The CD has an annual interest of 4.0%. If Mary leaves the funds in the CD for two years she will have $540.80. What amount is Mary depositing?
A. $500.00 B. $520.00 C. $512.40 D. $514.50