Understanding the impact of carbon taxes on the energy usage of individual households and firms is studied under:
A) microeconomics.
B) macroeconomics.
C) fiscal economics.
D) financial economics.
A
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M1 is defined as a measure of money including, in part,
A) checkable deposits and currency. B) time deposits and currency. C) currency and savings deposits. D) time deposits and money market fund deposits. E) the lines of credit on credit cards and currency.
"Less demand causes lower prices, and lower prices cause more demand." The above statement shows
A) economic theory can be used to prove just about anything. B) everything depends on everything else. C) prices fluctuate in a free-market situation. D) the speaker has confused himself by saying demand in the first half of the statement when he meant quantity demanded. E) the speaker has confused himself by saying demand in the second half of the statement when he meant quantity demanded.