If there is currently a recessionary gap:
a. The price level will tend to rise.
b. Real output will tend to rise
c. Both a. and b. will occur.
d. None of the above will occur.
b
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A depositor cannot directly write checks against: a. demand deposits
b. transaction deposits. c. nontransaction deposits. d. money market mutual fund accounts.
Some goods can be classified as either public goods or private goods depending on the circumstances
a. True b. False Indicate whether the statement is true or false
Meta-ideas involve
A) the methods of producing ideas. B) persuading others of the validity of one's ideas. C) putting ideas in a form capable of approval in a "yes" or "no" vote. D) the expression of ideas in mathematical form.
A reason for dissavings in the economy could include:
A. College students who overspend with expectations of a higher income after their education is complete. B. Breakup of families where the major wage earner leaves the household. C. Death of a household's major wage-earner. D. Unforeseen expenditures that cannot be covered by immediate household income. E. All of the above.