Efficiency is defined as minimizing waste
a. True
b. False
Indicate whether the statement is true or false
False
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A sudden increase in the U.S. price level
A) makes those with dollar debts worse off. B) makes those with dollar debts better off. C) does not affect those with dollar debts. D) makes those with foreign debts better off. E) increases all dollar debts.
What is Y - S equal to?
A) I B) C - T C) I + G D) C
The most recent economic expansion started in
a. 2005 b. 2003 c. 2005 d. 2007 e. 1998
Which of the following explains why the demand for money curve reveals an inverse relationship between interest rates and the quantity of money demanded?
a. As interest rates rise, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. b. As interest rates fall, the opportunity cost of holding money rises, and people respond by converting cash or checking account balances into interest-bearing financial investments. c. As interest rates rise, the opportunity cost of holding money falls, and people respond by converting their interest-bearing financial assets into cask or checking account balances. d. As interest rates rise, people find it advantageous to borrow money, which increases the quantity of money demanded.