The principal innovation that increases the safety of bank deposits is
a. computerized accounting systems.
b. credit cards.
c. automatic teller machines.
d. deposit insurance.
d
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Transfer payments include
A) open market sales. B) Social Security. C) consumption taxes. D) dividends.
A major factor in determining the rational expectation of inflation is
A) the size of the budget deficit. B) forecasts of the Fed's monetary policy. C) forecasts of fiscal policy. D) the previous month's unemployment rate. E) the recent past behavior of the stock market.
The combination of expansionary U.S. monetary policy and contractionary U.S. fiscal policy should:
A. raise the exchange rate if prices and income do not change. B. have an ambiguous effect on the exchange rate if prices and income do not change. C. not affect the exchange rate if prices and income do not change. D. reduce the exchange rate if prices and income do not change.
What type of tax affects the amount of money you pay for a product?
A. income tax B. indirect tax C. direct tax D. all of the above