As the interest rate increases, the velocity of money will increase as well
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Scenario 15.5. If Catherine stopped smoking, then what is the total amount that Catherine will save on life insurance premiums over the rest of her expected lifespan?
A) $700 B) $14,000 C) $30,000 D) $42,000 E) $56,000
Which of the following statements about markets is correct? I. A market helps resources move to their highest-valued uses by means of prices changes. II. A market represents the exchanges of both buyers and sellers
A) I only B) II only C) Both I and II D) Neither I nor II
Markets for pollution rights:
a. have never been tried in the United States. b. assign property rights to those who value them least. c. allow the government to assign property rights. d. enable those who value them most to pollute.
The economy experiences both inflation and unemployment when
A. aggregate demand decreases and aggregate supply remains unchanged. B. aggregate demand increases and aggregate supply decreases. C. aggregate demand decreases and aggregate supply increases. D. aggregate supply decreases and aggregate demand remains unchanged.