The higher the interest rate paid on certificates of deposit and other nontransaction deposits, other things being equal, the less people would be expected to hold in demand deposits
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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State and local tax receipts are dominated by
A) property taxes and state income taxes. B) state income taxes and sales taxes. C) property taxes and sales taxes. D) sales taxes and business taxes.
Economics
The housing shock which occurred during the recession of 2007-2009 reduced wealth and residential construction, causing the
A) IS curve to shift to the right. B) IS curve to shift to the left. C) MP curve to shift up. D) MP curve to shift down.
Economics