Funds that earn a fixed rate of interest and must be held for a stipulated period of time are known as
a. check able deposits.
b. time deposits.
c. savings deposits.
d. money market funds.
b. time deposits.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
A group of firms that agree to coordinate their production and pricing decisions to reap monopoly profit is called an oligopoly
a. True b. False
The U.S. poverty rate for:
A. Hispanics is higher than that for African Americans. B. children under 18 years of age is higher than for the overall population. C. African Americans has increased since 1993. D. foreign-born individuals who are not citizens is below the poverty rate for the general population.
For which of the following purchases would the absolute price elasticity of demand be smallest?
A. a house B. chewing gum C. a tablet D. a luxury sport utility vehicle