Logan finds $10 in his jacket pocket and deposits it into a bank. As a result of this single transaction, M1 has:
A. increased by $10.
B. increased by more than $10.
C. increased by less than $10.
D. not changed.
Answer: D
Economics
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Comparing aggregate expenditure and aggregate incomes shows that
A) aggregate expenditure is usually greater than aggregate income. B) aggregate income is usually greater than aggregate expenditure. C) they are equal. D) aggregate income cannot equal aggregate expenditure if we have any savings.
Economics
What factors make inheritances a source of increased economic inequality?
What will be an ideal response?
Economics