Checkable deposits are money because they are:
A. Legal tender
B. Fiat money
C. Acceptable as payment
D. Token money
C. Acceptable as payment
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Resources that are privately owned are less likely to be depleted than resources that are not privately owned
Indicate whether the statement is true or false
Inflation exists whenever: a. the price of a good increases
b. the price of a good decreases. c. the economy experiences a contraction. d. the overall price level is rising.
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
As output expands from 199 to 200 units, total costs rise from $2,985 to $3,000. At this stage, the marginal cost and average cost of production are
A. $1 and $200. B. $1. C. $15 and $15. D. $29.85 and $15.00