In the chain of cause and effect involving monetary policy:
a. A decrease in the rate of interest will decrease aggregate demand
b. An increase in the money supply will decrease the rate of interest
c. A decrease in excess reserves will increase the money supply
d. A decrease in aggregate demand will increase output
b. An increase in the money supply will decrease the rate of interest
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Net exports is a positive number when a nation ________.
A. simply exports goods and services to other nations B. exports more goods and services than it imports C. exports fewer goods and services than it imports D. increases its exports of goods and services
A marginally attached worker is
A) a person who is not happy with his or her job. B) someone who works part-time more than 25 hours per week but wants full-time work. C) someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. D) someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. E) another name for an unemployed worker.
In the Keynesian theory of money demand,
a. the velocity of money is constant. b. the marginal propensity to hold money is constant. c. money is held in part because it is an asset. d. interest rates are fixed. e. none of the above.
Who said, "Property is the exploitation of the weak by the strong. Communism is the exploitation of the strong by the weak".
A. Adam Smith B. Seymour Melman C. Studs Terkel D. Pierre-Joseph Proudhon