Which of the following is most accurate?
a. The US has always had a national bank since the early 1800s.
b. The US is currently on the gold standard.
c. The US used both gold and silver to back its currency during the entire 19th century.
d. The US experienced low inflation during the 1970s because it printed very little money.
e. The US Federal Reserve is relatively independent compared to similar institutions in most other industrialized nations.
e. The US Federal Reserve is relatively independent compared to similar institutions in most other industrialized nations.
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Autonomous expenditure includes
A) consumption expenditure, investment, and net taxes. B) investment, government expenditure on goods and services, and exports. C) consumption expenditure, investment, and imports. D) investment, government expenditure for goods and services, and imports. E) consumption expenditures, investment, and exports.
When the Federal Reserve increases the money supply, people ________
A) decrease their purchases of bonds and other financial assets B) may, in the short run, increase their purchases of goods and services C) decrease the quantity of money holdings D) all of the above E) none of the above
The following graph shows the supply of movie downloads. If price changes from $0.50 to $2.00, what will be the change in the market quantity supplied?
A. 7 movie per week B. 1 movie per week C. 8 movie per week D. 6 movie per week
As a result of moving more decision making from the periphery of the organization toward the center, typically
a. the flow of information to the decision maker that is relevant to the decision can be weakened b. the flow of information from the decision maker that is relevant to the decision should be enhanced c. the incentive structure for the decision maker should be strengthened d. the incentive structure are usually already in place