What is the motivation for individuals to hold money?
A) to facilitate transactions B) to reduce risk
C) to have liquidity D) all of the above
D
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In the U.S. economy, the quantity of donuts produced each day is determined by the
A) U.S. Food and Drug Administration. B) U.S. Department of Health and Human Services. C) Donut Association of America. D) individual decisions of thousands of donut makers.
The system of accounts for each country, based on the circular flow, whose purpose is to measure the level of economic activity is called:
A) the underground economy. B) national income accounting. C) bookkeeping. D) none of the above.
For a monopoly, price always equals marginal revenue
a. True b. False Indicate whether the statement is true or false
If the multiplier = 2.5, the MPC would be:
A. 0.25. B. 0.4. C. 0.6. D. 0.75.