Comparing firms in perfectly competitive markets to monopoly firms, which charges higher prices?
monopoly firms
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President Obama has discussed raising income taxes for individuals earning over $250,000 in income. Explain how these higher income taxes will affect the aggregate demand curve
What will be an ideal response?
All else being equal, an increase in government spending would shift the ______ line to the ______, causing interest rates to _______ and the trade balance to _______.
A) LM; right; fall; fall B) IS; right; rise; rise C) LM; left; rise; rise D) IS; right; fall; fall
The amount of currency in the hands of the public is approximately what percentage of M1?
A. 90% B. 30% C. 25% D. 45%
Suppose a particular bank is very large in terms of assets, and makes consumer and residential loans as well as commercial and industrial loan. The bank is probably a:
A. regional or super-regional bank. B. money center bank. C. savings bank. D. community bank.