Our money supply has _____ basic jobs to perform.
A. one
B. two
C. three
D. four
C. three
You might also like to view...
In the aggregate expenditures diagram, the 45° line represents the equilibrium condition that
A. Y* = Y. B. AE = C + I + G + NX. C. I = C. D. Y = AE.
If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line ________, and the aggregate supply curve ________
A) shifts rightward; does not shift B) does not shift; shifts rightward C) shifts rightward; shifts rightward D) shifts rightward; shifts leftward E) does not shift; shifts leftward
An example of the specificity rule in action is
A. imposing price floors on "clean" products as a way to increase the demand for these products. B. taxing the production of a product whose production creates a great deal of pollution. C. taxing the consumption of a product whose production creates a great deal of pollution. D. restricting imports to reduce environmental pollution.
Inferior goods are always substandard.
Answer the following statement true (T) or false (F)