Minimum wage laws are always beneficial to low-wage workers
Indicate whether the statement is true or false
F
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Because Treasury bills pay a higher return than money and have no risk
A) the transactions demand for money may be zero. B) the precautionary demand for money may be zero. C) the speculative demand for money may be zero. D) all three of the above motives for holding money will be zero.
Assume the Federal Reserve increases the required reserve ratio from 10 to 20 percent and reserves are $80 billion. Then the change in the money supply will be
a. $80 billion. b. $20 billion. c. $400 billion. d. $800 billion. e. none of the above
The income effect associated with an income tax occurs because the individual has to work more to make up for the income paid in taxation
a. True b. False
Aggregate expenditure includes final spending by households, businesses, and government on final goods and services
a. True b. False