Money is:
A. the clearest example of something that is fungible.
B. more fungible in cash form versus as checking account balances.
C. always recognized as fungible by individuals.
D. All of these are true.
Answer: A
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In the above figure, if the economy is initially at an equilibrium output at point A and the interest rate is r1, then an open market purchase of bonds by the Fed will
A) not have any impact on short- or long-run equilibrium real Gross Domestic Product (GDP). B) cause interest rates to decline to r2, investment to decline, and aggregate demand to shift inward to the left. C) cause interest rates to increase and output to decline. D) cause interest rates to decline to r2, investment to increase to I2, and the AD curve to shift upward to the right.
Define the quantity demanded of a good or service
What will be an ideal response?
From 1800-1860 which part of the nation was most opposed to high tariffs?
a. South. b. New England. c. Middle Atlantic States. d. Far Western States.
Trades between risk lovers and risk takers
a. Move assets to lower-value use b. Move assets to higher value use c. Create wealth d. Both B&C