The demand-for-money curve illustrates the __________ relationship between the quantity demanded of money and __________
A) inverse; the interest rate
B) direct; GDP.
C) direct; the interest rate
D) inverse; GDP
A
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Moral hazard is best described as
a. an action by an individual that endangers others. b. an action that puts one's salvation at risk. c. the presence of insurance increasing risk taking behavior. d. vigilance by individuals to keep total insurance claims at a minimum to keep rates low.
If, in a competitive market, marginal benefit is less than marginal cost
A) the government must force producers to raise prices in order to achieve economic efficiency. B) the output is greater than the equilibrium quantity. C) the output is less than the equilibrium quantity. D) the net benefit to consumers from participating in the market is less than the net benefit to producers.
Which of the following is true?
a. The size of the national debt currently is about the same size as it was during World War II. b. The national debt increases in size whenever the federal government has a surplus budget. c. The national debt's size decreased steadily after 1980. d. The current U.S. national debt is over $16.0 trillion.
Which of the following would cause a rightward shift in the investment demand curve?
A. An increase in the interest rate. B. An increase in the rate of capacity utilization. C. An increase in households' disposable income; D. An increase in business taxes.