The more widely held and accepted credit cards are, the more money people would be expected to hold in the form of currency
a. True
b. False
Indicate whether the statement is true or false
False
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The wage rate considered acceptable to workers engaged in collective bargaining will be determined in part by what monetary policy workers expect in the near future
a. True b. False Indicate whether the statement is true or false
If the ________ effect is greater than the ___________ effect, a tax cut will increase revenues.
A. price; quantity B. quantity; income C. income; price D. quantity; price
Which of the following would be most likely to cause a reduction in current aggregate demand in the United States?
a. increased fear of a recession b. an increase in the expected rate of inflation c. a sharp increase in the value of stocks owned by Americans d. a rapid increase in the growth of income in Canada, Mexico, and Western Europe
The opportunity cost to a consumer who smokes cigarettes consists of the:
A. Costs imposed on others who inhale second-hand smoke B. Products that the consumer could have bought instead of cigarettes C. Amount of cigarette-taxes paid by this consumer D. Cost of complementary products such as lighters, ashtrays, and cigarette holders