An increase in the money supply will immediately __________ the __________ interest rate, according to the "liquidity effect."
A) raise; natural
B) raise; nominal
C) lower; natural
D) lower; nominal
D
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Which of the following is included in the category of corporate profits when measuring GDP?
I. Profits paid as dividends. II. Undistributed profits. III. Income received by owners and operators of businesses. A) I only B) I and II C) I and III D) I, II and III
In the above table, which tax plan is progressive?
A) only plan A B) only plan B C) only plan C D) both plan B and plan C
Goods are scarce when:
a. their price is too low. b. their price is too high. c. the amount people want is more than the amount available at a zero price. d. people want less of something as compared to what is available. e. their prices are controlled.
Should there be an official definition of a depression? If so, how should it be defined?
What will be an ideal response?