In economics, the demand for money is basically a demand for
A. status.
B. liquidity.
C. investment.
D. high returns.
Answer: B
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The Laffer curve
A) initially slopes upward as increasing tax rates lead to increasing tax revenue but eventually will slope downward as increasing tax rates lead to decreasing tax revenue. B) slopes upward throughout its range since increasing tax rates will always lead to increases in tax revenue. C) is horizontal because tax revenue is independent of the rate of interest. D) slopes downward throughout its range since increasing tax rates will always lead to decreases in tax revenue.
Which of the following best states the main criticism of the Sherman Act?
a. It was overly harsh. b. It was unnecessary at the time. c. It was too vague. d. It duplicated existing law. e. It came too late in the Industrial Revolution.
The 2008 financial crisis was caused by the decline of real estate values as well as several other factors
a. True b. False Indicate whether the statement is true or false
An increase in the interest rate will
a. Leave the price of bonds unchanged b. Increase the price of bonds c. decrease the price of bonds d. Increase of decrease the price of bonds depending upon whether the money supply has increased or decreased.