The precautionary demand for money is the demand for money:
a. for normal transactions purposes.
b. for normal investment purposes.
c. for special stock purchases.
d. to protect against inflation.
e. to cover unexpected events.
e
Economics
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Using the fiscal year 2014 estimates, the largest component of federal revenue is the
A) individual income tax. B) corporate income tax. C) excise tax. D) social insurance and contributions.
Economics
For a given positively sloped supply curve, the price increase to consumers resulting from a specific tax imposed on sellers will be
A) greater the more price elastic demand is. B) greater the less price elastic demand is. C) equal to the entire tax when demand is perfectly elastic. D) equal to half of the tax whenever demand is unit elastic.
Economics