Financial innovations such as ATMs and electronic banking have caused an increase in the demand for money

Indicate whether the statement is true or false


FALSE

Economics

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Governments seeking to maximize total tax revenue will place unit taxes on goods with the

a. b and c b. lowest income elasticity c. highest cross elasticity d. lowest price elasticity e. fewest complements

Economics

In the late 13th century, Chinese money consisted of

a) stones b) tobacco c) beads made of sea shells d) paper e) gold

Economics

A problem(s) with fiscal policy is that

a. it takes a long time for Congress to recognize that an economic problem exists b. interest rates will increase if the money supply increases too rapidly c. trade wars may erupt once tariffs and quotas are implemented d. all

Economics

Exhibit 4-2 Supply and demand curves Beginning from an equilibrium at point E1 in Exhibit 4-2, an increase in demand for good X, other things being equal, would move the equilibrium point to:

A. E1, no change. B. E2. C. E3. D. E4.

Economics