The money supply curve is determined by all of the following except
A. The demand for money.
B. The willingness of individuals to borrow money.
C. The lending behavior of private banks.
D. Federal Reserve policy.
Answer: A
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Refer to Resource Supply/Demand. If the government confiscates the rent and pays the owner area D to supply Q0 units of the resource at a zero price, then
The following questions refer to the accompanying graph, which shows the supply and demand for a resource. The owner of the resource is receiving the price P0 and is providing the quantity Q0.
a. area B + C is transferred from the resource owner to the government with no loss in social gain.
b. area A + B + C overestimates the social gain that will be created.
c. demanders will continue to receive area A + B + C + D in value from the resource.
d. a deadweight loss equal to area B + C will be created.
Market income is defined as wages, interest, rent, and profit earned in factor markets plus cash payments to households by the government
Indicate whether the statement is true or false
________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the ________ and the domestic currency to depreciate, everything else held constant
A) An increase; right B) An increase; left C) A decrease; right D) A decrease; left
If an individual's budget constraint shifts, the individual's changes in consumption can be broken down into _____ and _____ effects
a. budget; consumption b. income; substitution c. utility; indifference d. wealth; savings