The equation of exchange
A. always balances.
B. usually balances.
C. sometimes balances.
D. never balances.
A. always balances.
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A flat tax which does allow deductions for investment spending is a type of
A) investment tax. B) excise tax. C) luxury tax. D) consumption tax.
With faster inflation, money in the form of ________ becomes more desirable
A) currency B) non-interest-bearing checkable deposits C) interest-bearing checkable deposits D) All of these forms are equally desirable when inflation increases.
Between points "b" and "c" in the above figure, the opportunity cost of 250 more bushels of corn is
A) 200 yards of cloth. B) 250 yards of cloth. C) 600 yards of cloth. D) 800 yards of cloth.
A change in consumers' expectations about the future will shift both the aggregate expenditure curve and the aggregate demand curve
a. True b. False Indicate whether the statement is true or false