In the late 1970s and early 1980s, the job of money that did not perform that well was as a _____.
Fill in the blank(s) with the appropriate word(s).
store of valuestore of value
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Describe the changes in the variables that will cause the demand for a product to increase, shifting the demand curve to the right
What will be an ideal response?
Villagers in Xiaogang, China, produced more rice than those in surrounding villages because:
a. they had better farmland. b. they were given better seeds. c. they were able to keep the output they produced individually. d. they made each family responsible for a certain, higher quota of rice production. e. they had common ownership over the rice produced.
If the Federal Reserve buys $3 billion worth of Japanese yen, $6 billion of euros, and sells $5 billion of British pounds, how does this affect the balance of payments?
A) Falls by $4 billion B) Rises by $4 billion C) Rises by $9 billion D) Falls by $5 billion
The marginal propensity to consume (MPC) is the change in consumption divided by the change in disposable personal income
a. True b. False Indicate whether the statement is true or false