The total demand for goods and services at a given price level is also known as
A) autonomous consumption. B) the consumption function.
C) equilibrium output. D) planned expenditures.
D
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Before the Civil War (1861–1865), the U.S. credit system made capital investments possible and fueled overall economic growth and development across many sectors. This system was supported heavily by whom?
(a) The British (b) The North (c) The South (d) None of the above
When people hold money to make anticipated purchases of goods and services, they are exercising the _______ demand for money.
A) speculative B) exchange C) transactions D) precautionary
Refer to the data in Figure 22.1. The shape of the total revenue curve indicates that the price of this good
A. Falls at first as output rises, but then rises as output rises. B. Falls as output rises. C. Rises as output rises. D. Stays the same as output rises.
Suppose Diego deposits $4,000 in his bank. If the reserve ratio is 10 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks.
A. $0 B. $4,000 C. $10,000 D. $40,000