Which of the following examples would most likely happen when interest rates are low?
a. Lily invests $20,000 in municipal bonds.
b. Millie keeps a larger balance in her no-interest checking account.
c. Finlay decides it is a bad time to purchase a car.
d. Logan increases his deposits in an interest-earning savings account.
b. Millie keeps a larger balance in her no-interest checking account.
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Use the figure below to answer the next question.
The most likely cause of a shift from AB to CD would be a(n)
A. recession. B. increase in the price level. C. increase in productivity. D. decrease in the size of the labor force.
What factors determine the magnitude of the price elasticity of demand?
What will be an ideal response?
Refer to the table below. If these are the only four price options for a pound of sugar, what is the value of A?
The above table provides the possible prices for a pound of sugar next year along with the associated probabilities (in percent).
A) 0.45
B) 1.00
C) 0.10
D) 0.25
Which of the following statements is FALSE?
A. An equal distribution of income would eliminate absolute poverty. B. In a relative sense, the problem of poverty will always exist. C. An equal distribution of income would eliminate relative poverty. D. The official absolute poverty level in the United States is far above the average income of many countries in the world.