Which of the following does not reflect a positive rate of time preference?
a. People are willing to pay high prices to see new movies at first-run theaters.
b. A bank pays interest on savings accounts.
c. Ed puts money in his mattress for a rainy day.
d. Dry cleaners that provide faster service can charge more.
e. A college freshman parties all semester, then stays awake studying for 50 straight hours during final exam week.
C
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Which of the following will most likely result from a decrease in government spending?
A) An increase in output B) An increase in the price level C) An increase in employment D) A decrease in aggregate supply E) A decrease in aggregate demand
A nation's capital and financial account:
A. contains inpayment items but not outpayment items. B. includes service exports and service imports. C. includes both inpayments and outpayments. D. includes net investment income and net transfers.