High rates of saving today contribute to ________ in the future.
A. more capital gains
B. a higher standard of living
C. more unemployment
D. higher tax rates
Answer: B
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An increase in taxes will increase total planned expenditures for goods and services
Indicate whether the statement is true or false
The above table has the demand and supply schedules for money. If the Fed increases the quantity of money by $0.1 trillion, the new equilibrium nominal interest rate is
A) 5 percent. B) 7 percent. C) 6 percent. D) 9 percent. E) 8 percent.
When the Federal Reserve increases the money supply, people spend more because they now have more money
Indicate whether the statement is true or false
At one end of the competitive spectrum is cutthroat competition. At the other end is (the)
A. cartel. B. open collusion. C. covert collusion. D. price leadership.