In Figure 13-1 above, which money demand curve reflects the introduction of interest-bearing checking accounts?

Refer to Figure 8.3. Holding other variables constant, if the economy is originally in equilibrium at the intersection of D1 and S1 and firms experience an increase in technology of production, the economy would move to the new equilibrium point

represented by A) w1 and L2. B) w3 and L2. C) w2 and L2. D) w2 and L3.

Suppose a taxpayer has an income of $100,000 and a taxable income of $80,000, and pays taxes of $10,000. If the taxpayer talks of being taxed at a 10 percent rate, she is referring to the

A. Effective tax rate. B. Nominal tax rate. C. Average tax rate. D. Marginal tax rate.