People demand money for all of the following reasons EXCEPT
A. it is a store of value.
B. it generates a rate of return.
C. it is a medium of exchange to make payments.
D. it can meet unplanned expenditures.
Answer: B
Economics
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Suppose the government has a budget deficit of $2 billion. If there is no Ricardo-Barro effect, how much crowding out of investment occurs?
A) some crowding out occurs, but less than $2 billion B) more than $2 billion C) exactly equal to $2 billion dollars D) No crowding out occurs and investment does not change. E) No crowding out occurs because investment increases.
Economics
The European Union became an economic union with the implementation of which treaty?
A) Treaty of Rome B) Single Europe Treaty C) Treaty on European Union D) Schengen Agreement
Economics