The law of demand suggests that most demand curves will be
A. a straight line.
B. curved.
C. downward-sloping.
D. upward-sloping.
Answer: C
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An increase in the reserve requirement ________ required bank reserves and ________ the money supply
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
There is a technological advance in the production of digital watches. This will cause
a. demand to increase b. supply to increase c. demand to decrease d. supply to decrease e. the price to increase
A budget will
A) improve your credit standing so you can use borrowing to increase your current consumption. B) All of the above. C) help you focus on those expenditures that you value highly relative to cost. D) make it more attractive for you to buy a car every couple of years.
Which of the following will make it more difficult for the United States to control the growth of the federal debt in the decade ahead?
a. Debt financing makes it possible for elected political officials to provide voters with highly visible current benefits without having to impose visible current cost in the form of higher taxes. b. The movement of the large baby-boom generation into the retirement phase of life will make it more difficult to control federal spending. c. The recent growth of the federal debt as a share of GDP will mean higher interest costs in the future. d. All of the above.