The declining trend in the currency-deposit ratio during 2007-2014 can be explained by
A) the increased holdings of U.S. currency by foreigners.
B) bank panics.
C) a drop in the rate of interest paid on checking deposits.
D) the increasing use of debit cards.
D
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If the median voter voted against a project, we can infer that
A) at least half of the voters also voted against it. B) at most a third of the voters voted against the project. C) the project was approved. D) at least half of the voters voted in favor of the project.
Which of the following statements is true?
a. Deflation is an increase in the general level of prices. b. The consumer price index (CPI) measures changes in the average prices of consumer goods and services. c. Disinflation is an increase in the rate of inflation. d. Real income is the actual number of dollars received over a period of time. e. The real interest rate equals the nominal rate of interest plus the inflation rate.
The benefits received principle means those with the least ability to pay should be the ones to receive the benefits
a. True b. False Indicate whether the statement is true or false
The wage-employment outcomes described by the contract curve
A. must be located below and to the left of the outcome that would result in the absence of a union. B. must be located above and to the left of the outcome that results when there is a monopoly union. C. fail to exhaust all bargaining opportunities between the employer and the union except for the single point on the contract curve that is associated with maximum wages. D. are associated with the firm hiring more workers at a higher wage than they would under a monopoly union outcome. E. are Pareto optimal and result in an efficient contract.