Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs, a normal good?
A. decline in the price of HD TVs.
B. increase in the price of HD TVs.
C. increase in consumers' income.
D. decrease in consumers' income.
Answer: D
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Required reserves represent
A. Dollars that may be lent. B. A flaw in the banking system. C. A leakage from the flow of money. D. The desire on the part of some banks to hold funds and not lend them out.
Human capital contributes to growth because it helps workers in the economy:
A. be more productive with their time. B. work smarter. C. produce more with the same amount of physical capital. D. All of these are true.
The money aggregate M1 includes each of the following, except:
A. demand deposits at commercial banks. B. currency in the hands of the public. C. currency in the vaults of commercial banks. D. travelers checks that have been issued.
In the fall of 1998 we saw an increase in the risk spread because:
A. there was a significant increase in U.S. income tax rates. B. the Russian government defaulted on some of its bonds. C. the risk spread always increases as we approach the end of the year. D. there was an extraordinarily large amount of corporate fraud being reported in 1998.