When G is equal to tax revenue we have a ________ budget.
Fill in the blank(s) with the appropriate word(s).
balanced
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As you consume more and more of any good, you experience ________ utility
A) diminishing marginal B) diminishing total C) negative marginal D) increasing marginal
If the purchasing power of a dollar is less than the purchasing power of the Mexican peso, purchasing power parity would predict that
A) in the short run, the dollar will appreciate relative to the peso to equalize the purchasing power of the dollar and the peso. B) in the short run, the dollar will depreciate relative to the peso to equalize the purchasing power of the dollar and the peso. C) in the long run, the dollar will appreciate relative to the peso to equalize the purchasing power of the dollar and the peso. D) in the long run, the dollar will depreciate relative to the peso to equalize the purchasing power of the dollar and the peso.
Which of the following will have no impact on the demand for ice cream in the short run?
a. A change in population size b. A change in the price of ice cream c. A change in seasons d. A change in consumer preferences e. A change in consumer incomes
Which of the following is true of a certificate of deposit?
a. They are accounts at savings and loan associations. b. The funds in this deposit account are not given out in the form of loans. c. The funds in this account must be deposited for a specified period of time. d. The value of the deposit should be more than $100,000. e. The deposits earn very little or no interest.