If peanut butter and jelly are complements, then an increase in the price of peanut butter will reduce the demand for jelly.
Answer the following statement true (T) or false (F)
True
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If the annual inflation rate in an economy is positive, the purchasing power of a dollar kept in a bank:
A) will decrease over time. B) will remain the same over time. C) will increase over time. D) can increase or decrease depending on the economic growth rate.
Which of the following lists give world exports in the order of their value, from highest to lowest?
a. Aircraft, motor vehicle parts, crude petroleum b. Aircraft, crude petroleum, motor vehicle parts c. Crude petroleum, office and telecom equipments, automotive parts d. Motor vehicle parts, aircraft, crude petroleum e. Motor vehicle parts, crude petroleum, aircraft
If the required reserve ratio is 0.25, what is the demand deposit multiplier?
a. 4.00 b. 0.50 c. 0.75 d. 1.33 e. 1.25
Which of the following correctly describes the relationship between private-sector spending and the federal budget?
a. A decline in private-sector spending reduces the demand for government services, that reduces fiscal outlays and contributes to a budget surplus. b. An increase in private-sector spending must be matched by increase in government spending. This increases fiscal outlays and contributes to a budget deficit. c. A decline in private-sector spending triggers automatic stabilizers that result in a federal budget deficit. d. An increase in private-sector spending must be matched by increase in government spending. This increases fiscal outlays and contributes to a balanced budget.