When a bank takes money that you put in your checking account and gives it to someone else, at a cost, for a period of time, it is said to be
A) making a loan.
B) making a deposit.
C) internalizing an externality.
D) creating commodity money.
A
Economics
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Looking at the supply-side effects on aggregate supply shows that a tax hike on labor income
A) decreases potential GDP. B) weakens the incentive to work. C) increases potential GDP because people work more to pay the higher taxes. D) Both answers A and B are correct. E) None of the above is correct.
Economics
What does the Law of Supply state? What is the key feature of a typical supply curve?
What will be an ideal response?
Economics