As price rises, quantity demanded ___________.
Fill in the blank(s) with the appropriate word(s).
falls
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Both Social Security expenditures and the payroll tax receipts that finance them are treated as off-budget items
a. True b. False Indicate whether the statement is true or false
Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10%. In this situation, American bank has
A. $50 in required reserves B. $50 in excess reserves C. $200 in required reserves
Referring to Table 4.1, Box G should be filled with 
A. $115. B. $125. C. $0. D. $110.
Apple Computer developed Apple's new iTunes Music Store, which offers more than 200,000 songs from five major record labels, for use with Apple's iPod and iMac. More than a million songs were downloaded the first week alone! In economic terms, CEO Tim Cook helped convert capital and labor inputs into products consumers use. Any activity that results in the conversion of resources into products that can be used in consumption is
A. production. B. demand. C. a start up venture. D. not profitable.