The money demand curve will shift to the left if:
A. the nominal interest rate decreases.
B. the price level increases.
C. ATM machines are introduced.
D. the nominal interest rate increases.
Answer: C
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Japan’s remarkable economic growth in the 20th century was a result of _____.
When all changes in the world are due to
A) fiscal policy, purchasing power parity holds true in the long run. B) monetary policy, purchasing power parity does not hold true in the long run. C) monetary policy, purchasing power parity holds true in the long run. D) monetary policy, purchasing power parity holds true even in the short run. E) fiscal and monetary policy, purchasing power parity holds true in the long run.
Compared to the GDP deflator, the consumer price index measures:
A) the price of all the goods and services produced in the economy. B) the price of a fixed market basket of goods and services. C) the price of exported goods and services. D) the price of wholesale goods and services.
The marginal tax rate refers to the tax rate charged on the:
A. last dollar a taxpayer earns. B. income earned from buying investments and selling them at a higher price. C. earnings of individuals. D. value of a good or service being purchased.