Though many assets can be used as a store of value, money is a particularly attractive method to store value because:
A. it increases in value as prices rise.
B. its purchasing power does not decline when prices rise.
C. it is the most liquid of all assets.
D. it is backed by gold.
Answer: C
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Automatic stabilizers are provisions in the law that create automatic ________ in government spending or ________ in taxes when real output declines.
A. increases; decreases B. increases; increases C. no change; no change D. decreases; decreases
A major goal of short-run macroeconomic policy is to move to a point on the _____ curve.
A. Investment demand B. Production function C. Production possibilities D. Aggregate supply
Hiring a more expensive celebrity endorser will always result in higher firm profits.
Answer the following statement true (T) or false (F)
As a business type, corporations ________ in the United States
A) earn the majority of profits B) are the most common C) are the least common D) are subject to the least amount of taxes