Consumer sovereignty is the freedom to
a. start a business
b. defend one's property against theft
c. negotiate price in the market
d. buy or not buy goods and services
e. consume what one needs
D
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Suppose your bank pays you 4 percent interest per year on your savings account, so that $1,000 grows to $1,040 over a one-year period
If prices increase by 1 percent per year over that time, approximately how much real value do you gain by keeping $100 in the bank for a year? A) $0 B) $10 C) $30 D) $50
A decrease in the reserve requirement
A) decreases the money supply, which leads to decreased interest rates and a rise in investment spending. B) increases the money supply, which leads to increased interest rates and a fall in investment spending. C) increases the money supply, which leads to decreased interest rates and a rise in investment spending. D) decreases the money supply, which leads to increased interest rates and a fall in investment spending.