When you accumulate more money,
A) the interest rate you are paid on your currency increases.
B) the opportunity cost of holding money decreases.
C) your marginal tax rate falls.
D) the marginal benefit of holding money decreases.
E) you earn a lower rate of interest on your checkable deposit.
D
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An individual's labor supply curve shows
A) the maximum wage rates offered to that individual by various potential employers. B) the relationship between wages and the quantity of labor that a firm is willing to employ. C) the relationship between wages and the quantity of labor that she is willing to supply. D) the relationship between the quantity of hours worked and total income earned by that individual.
In a closed economy with no government, aggregate expenditure is
A) consumption plus investment. B) saving plus investment. C) consumption plus the MPC. D) MPC + MPS. E) none of the above.