A representative unit that measures the want-satisfying power of a good is
A. purchasing power.
B. a margin.
C. income.
D. a util.
Answer: D
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Which of the following purchases is most likely to rise as the result of a temporary tax cut, according to the permanent-income hypothesis?
A) television sets and other consumer durables B) steak dinners and other consumer non-durables C) trips to the Virgin Islands and other vacation destinations D) theater tickets and other entertainment expenditures
According to the adaptive expectations theory, people form their expectations of the future on the basis of future expectations
a. True b. False Indicate whether the statement is true or false
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
The discount rate is the interest rate charged by:
A. major banks to their best customers. B. banks for overnight loans to other banks. C. the Fed on loans of reserves to banks. D. banks for loans of less than 24 hours.