One of the economic costs of holding currency is that
A) it fulfills no transactions role. B) it fulfills no precautionary role.
C) its real value always increases. D) it earns no interest income.
D
You might also like to view...
The significant increases in oil prices during the late 2000s was an example of
A. an aggregate supply shock that reduced the price level and increased the rate of growth of real Gross Domestic Product (GDP). B. an aggregate demand shock that increased the price level and increased the rate of growth of real Gross Domestic Product (GDP). C. an aggregate supply shock that increased the price level and reduced the rate of growth of real Gross Domestic Product (GDP). D. an aggregate demand shock that reduced the price level and reduced the rate of growth of real Gross Domestic Product (GDP).
________ could result in a recession because it would ________
A) An increase in government expenditures on goods and services; shift the AD curve to the right. B) An increase in the quantity of money; shift the AS curve to the right. C) An increase in investment; shift the AD curve to the right. D) A tax cut; shift the AS curve to the left. E) A rise in the price of oil; shift the AS curve to the left.
An economy is an organization that produces goods and services and then allocates those goods and services to its members
Indicate whether the statement is true or false
While waiting in line to buy two tacos at 75 cents each, and a medium drink for 80 cents, Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $2.50. For Jordan, the marginal cost of purchasing the third taco would be Select one:
a. Zero. b. 20 cents. c. 75 cents. d. 80 cents.