A bureau's total output is decided at the same time as its budget just as in the private sector

a. True b. False


b

Economics

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If cash is deposited into a checking account, the supply of money increases

Indicate whether the statement is true or false

Economics

Suppose you know a piece of land will be worth $1 million (real) in 2025, and the real interest rate is 5%. About how much should you be willing to pay for the land today (20150)? (Assume no taxes)

a. $610,000 b. $1 million c. $1.89 million d. $230.000

Economics

If a monopoly wishes to sell more output, it must:

A. find a more cost effective way to produce its goods. B. lower the price. C. be in the economies of scale range of its ATC. D. eliminate its existing competition.

Economics

When the consumer price index increases, the value of your money has _____. According to the quantity theory of money this is caused by an increase in the _____

Fill in the blank(s) with correct word

Economics