Mrs. Brown decides to keep $7,000 in her checking account in anticipation of rising interest rates. This is an example of the
A. speculative motive for holding money.
B. precautionary motive for holding money.
C. commodity demand for money.
D. transaction demand for money.
A. speculative motive for holding money.
Economics
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In the short run, a perfectly competitive firm will shut down if at the profit maximizing quantity the
A) P < AVC. B) AVC < ATC. C) P > ATC. D) P > MC.
Economics
Consumption expenditures
A. Are equal to consumer spending plus transfer payments. B. Account for over two-thirds of total spending. C. Are equal to disposable personal income plus personal saving. D. Include purchases of new and used goods by consumers.
Economics