Which of the following will cause a reduction in the amount of money individuals wish to hold?
A) an increase in income B) an increase in the interest rate
C) an increase in the price level D) all of the above
B
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Property taxes ______ tax deductible and home equity loans ____ tax deductible (on federal income tax returns).
A. are; are B. are not; are not C. are; are not D. are not; are
In short-run equilibrium in a perfectly competitive market,
a. the price varies along the market supply curve b. each consumer can buy whatever quantity he wishes to buy at the market price c. the price varies along the market demand curve d. the market demand curve is horizontal e. the market demand curve is vertical
In 2011 Buckeye Brewing produced 1,000 bottles of ginger ale each day. It employed 10 workers each working 8 hours a day. In 2012 it produced 960 bottles of ginger ale each day employing 8 workers who worked 8 hours each day. Productivity at Buckeye Brewing
a. increased by 20%. b. increased by 16.67%. c. decreased by 1.67%. d. decreased by 40%.
If a government of a country with a zero trade balance increases its budget deficit, then the real exchange rate
a. appreciates and there is a trade surplus. b. appreciates and there is a trade deficit. c. depreciates and there is a trade surplus. d. depreciates and there is a trade deficit.