The two most common types of money in circulation in the United States today consist of
A) private bank notes and commodity-backed paper currency.
B) commodity-backed paper currency and fiat money.
C) fiat money and transaction deposits at banks.
D) transaction deposits at banks and commodity money.
C
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Compare the effect on the price level and real GDP of a decrease in tax rates assuming a supply-side effect versus no supply-side effect
Compared to no supply-side effect, including a supply-side effect for the decrease in tax rates will cause the price level to increase ________ and real GDP to increase ________. A) more; less B) less; less C) more; more D) less; more
A sole proprietorship is the type of business that has ________ government rules and regulations affecting it
A) the fewest B) the most C) no D) only federal
A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement?
a. Decrease parking rates if the lot fills up much earlier than 9am b. Increase parking rates if the lot doesn't fill up until much after 9am c. If the lot fills up right around 9am the price is right d. All of the above
China's income inequality as measured by the Gini coefficient
a. has about doubled since MaoÕs time b. is greater than South Korea and Taiwan c. is low because China is a socialist country d. is less than that of Europe e. a and b are correct