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Which of the following is money (included in M1) in the U.S. economy? Which are not? Simply state for each one 'money' or 'not money'.
a. $500 you deposited on an IRA account. Note: IRA stands for Individual Retirement Account.
b. $1,000 kept under the mattress of a French drug-dealer.
c. A U.S. dime in your wallet.
d. A Da Vinci painting.
e. Federal Reserve notes stored in the vaults of Wachovia Bank.
f. A Canadian dollar in your wallet.
g. Rolls of quarters picked up from Wachovia Bank by the local grocery store.
h. $500 that you transferred from your saving account to your checking account.
The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost?
Suppose that the nominal interest rate on three-month Treasury bills is 8 percent in the U.S. and 6 percent in the U.K., and the rate of inflation is 10 percent in the U.S. and 4 percent in the U.K. a. What is the real interest rate in each nation? b..
What is the law of comparative advantage, and why is it important in international trade?
Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
For choice sets generated from endowment bundles, the budget line will shift parallel if both prices change by the same proportion.
Some countries in Central America are very stable and enjoy a good quality of life, but others are impoverished and underdeveloped. How can these differences be explained? Are inequalities due to local, social or cultural factors, or global political..
If the demand for housing falls, reducing planned investment by $75 billion, what is the effect on national income and output (GDP) (the consumption function is c = 50 + 0.7 (yd)) Wouldn't this answer just be GDP will be reduced by 75 billion? I am n..
Describe an example of a time you were not satisfied with a product or service and either did complain, or would have liked to complain. How might your e-mail to the manufacturer or provider of the service been written using the appropriate communica..
Whether the product market or the labor market, what happens to the equilibrium price and quantity for each of the four possibilities: increase in demand, decrease in demand, increase in supply, and decrease in supply.
An economy is operating with output $400 billion below its natural level, and fiscal policymakers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out...
Indicate whether each of the following statements describes an increase in demand, decrease in demand, change in quantity demanded, increase in supply, decrease in supply, or change in quantity supplied in the given market.
Managed care has been the target of various kinds of state and federal regulation. Describe some of the main reasons for managed care regulation. Describe some of the basic types of managed care regulation.
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