An increase in the demand for Treasury bills will
A) eventually cause households to hold less money.
B) decrease the price of Treasury bills.
C) increase the opportunity cost of holding money vs. Treasury bills.
D) decrease the interest rate on Treasury bills.
D
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he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
Rebecca can stitch 6 shirts in a day while Eliza can stitch only 5 shirts in a day. Rebecca can stitch 2 trousers in a day while Eliza can stitch 3 trousers in a day. Which of the following is true in this case?
A) Rebecca has a comparative advantage in stitching trousers. B) Eliza has an absolute advantage in stitching trousers. C) Rebecca has an absolute advantage in stitching trousers. D) Eliza has a comparative advantage in stitching shirts.
In the aggregate demand and aggregate supply model, the point where the aggregate demand curve crosses the long run aggregate supply curve, and the expected price level equals the actual price level, is known as what?
If you save $80 when you experience a $400 rise in your income
A. your MPS is 0.40. B. your MPC is 0.85. C. your MPS is 0.25. D. your MPC is 0.80.