Reference no: EM13800452
1. Fiat money is:
A) money backed by gold.
B) money that only the government will accept to pay taxes.
C) used only in the United States as a medium of exchange.
D) paper money with no intrinsic value.
2. The demand for money is higher in Japan than in the United States because:
A) the average price level is lower in Japan.
B) the ATMs are open all night.
C) most stores in Japan do not accept credit cards.
D) Japanese banks pay interest on checking accounts.
3. The opportunity cost of holding money is:
A) the difference between interest rates on monetary assets and on nonmonetary assets.
B) zero.
C) the interest rate when someone uses a credit card.
D) the discount rate.
4. Fiscal policy that decreases aggregate demand is:
A) balanced.
B) expansionary.
C) contractionary.
D) supplemental.
5. A decrease in the money supply is likely to cause:
A) a decrease in borrowing and interest rates and an increase in aggregate demand.
B) a decrease in borrowing and interest rates and a decrease in aggregate demand.
C) an increase in borrowing and interest rates and a decrease in aggregate demand.
D) an increase in borrowing and interest rates and an increase in aggregate demand.
6. An inflationary gap can be closed with:
A) a decrease in government purchases.
B) expansionary fiscal policy.
C) expansionary monetary policy.
D) a decrease in taxes.
7. Medicaid, Medicare, and Social Security are examples of:
A) transfer payments.
B) monetary policy.
C) unilateral payments.
D) taxes.
8. Fiscal policy that increases aggregate demand is:
A) contractionary.
B) expansionary.
C) balanced.
D) Supplemental.
9. The fact that many stores in the United States have found it economical to accept credit cards has:
A) increased the demand for credit card transactions but has had no impact on the demand for money.
B) increased the demand for money.
C) decreased the demand for money.
D) decreased the demand for credit card transactions but has had no impact on the demand for money.
|
Write a discussion of litigation strategy
: Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. The relationship has been ..
|
|
The interest rate effect of the price level is reflected
: The interest rate effect of the price level is reflected in: Changes in aggregate demand can be caused by changes in: The classical model of the price level is associated with: A decrease in the money supply is likely to cause:
|
|
What is the current unemployment rate
: What is the current unemployment rate? What is the current unemployment rate for women? What is the current unemployment rate for men? What is the current unemployment rate for high school graduates with no college degree? What is the labor for parti..
|
|
Relationship between the intersection points of the graphs
: A company manufactures microchips. use the revenue function R(x)=x(75-5x) and the cost function C(X)=125=12x to answer parts A-E, where x is in millions of Chips and R(x) and C(x) are in millions of dollars. Both functions have domain 1 is less than ..
|
|
Fiscal policy that decreases aggregate demand
: The fact that many stores in the United States have found it economical to accept credit cards has: The demand for money is higher in Japan than in the United States because: Fiscal policy that decreases aggregate demand is: An inflationary gap can b..
|
|
Money supply to lead to a decrease in real gdp
: New classical economists believe that it is possible under certain circumstances for an increase in the money supply to lead to a decrease in real GDP in the short run.
|
|
Uniform bank performance report
: How does a bank examiner use a UBPR (uniform bank performance report) to understand a bank's historical trends and their future prospects?
|
|
What is the governments tax revenue
: The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price is $1 million and 240 luxury boats a week were bought. Now luxury boats are taxed at 20%. What is the price that ..
|
|
What was UNAMs consumption
: In the economy of UNAM in 1968 exports were $45, GDP was $570, Government Spending was $85, Investment was $29 and Imports were $2. What was UNAM's consumption in 1968?
|