Which one of the following groups has a below-average incidence of poverty?
a. divorced or separated persons
b. African Americans and other minorities
c. families headed by a female
d. persons between the ages of 35 and 54
D
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A decrease in the nominal interest rate ________ the opportunity cost of holding money
A) increases B) decreases C) can increase or decrease D) None of the above answers is correct because the nominal interest rate does not affect the opportunity cost of holding money.
Game theory is a tool for studying competitive behavior between firms in monopolistic competition because of the mutual interdependence among the firms
Indicate whether the statement is true or false
If a bank desires to hold no excess reserves, the reserve requirement is 8 percent, and it receives a new deposit of $500,
a. its required reserves increase by $40. b. its total reserves initially increase by $460. c. it will be able to make a new loan of up to $492. d. All of the above are correct.
Which of the following is a stock concept?
A. Rent B. Wealth C. Expenditures D. Income