When you buy a United States Savings Bond, you
a. loan money to the government
b. borrow money from a savings and loan association
c. donate money for special government projects
d. pay for your childs college education
Ans: loan money to the government
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Checking deposits are included in
A) M1 only. B) M2 only. C) M1 and M2. D) neither M1 nor M2.
If retailers have a resale price maintenance agreement with a manufacturer to sell the product at a minimum price of $100, this means that brick and mortar stores ________ charge a price below $100 and online retailers ________ charge a price below $100.
A) can; can B) cannot; can C) cannot; cannot D) can; cannot
Which of the following is not held constant along a given supply curve for a good?
A. Taxes. B. The cost of factors of production. C. Technology. D. Price.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.