Monetary
What will be an ideal response?
of or relating to money or currency
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The largest source of receipts for the federal government is
A) corporate income taxes. B) personal income taxes. C) capital gains taxes. D) Social Security taxes.
In economic terms, property means
a. everything an individual owns and the labor he/she provides b. everything an individual owns but not the labor he/she provides c. some things an individual owns and the labor he/she provides d. some things an individual owns but not the labor he/she provides
The revenue in the Social Security Trust Fund first fell below the benefits it paid out in 2010. If this trend continues, the Trust Fund will be depleted. What change(s) occurred to cause the revenue to fall below the benefits?
A. The U.S. Treasury Securities in which the Trust Fund is invested began paying out less interest. B. Life expectancy is rising and a larger number of people are retiring. C. The age at which retired individuals could start collecting benefits was lowered. D. People were allowed to start privately investing some of their money in stocks and lost money through risky investments.
The transaction demand for money varies
A. inversely with nominal GDP and real GDP. B. directly with nominal GDP. C. directly with the interest rate. D. inversely with nominal GDP only.