The monetary base:
a. Includes currency in circulation, checking accounts, and near money.
b. Includes currency in circulation, checking accounts, and near money.
c. Includes currency in circulation, cash in the vaults of financial intermediaries (e.g., banks), and deposits of financial intermediaries at the central bank.
d. Is equal to currency in circulation.
e. Includes all liquid assets in a nation that can be spent
.C
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With respect to diffusion of responsibility,
A) the larger the group, the more likely that any one individual will act. B) the larger the group, the less likely that any one individual will act. C) the size of the group has no bearing on the likelihood of any one individual to act. D) individuals are likely to take no action only if the group of individuals is small.
The majority of dollars spent by government prior to the Great Depression was spending at the ________. In the post World War II period, two-thirds to three quarters of all dollars spent by government in the United States are spent at the ________
A) federal level; state and local levels B) local level; state level C) state and local levels; federal level D) state and local levels; state level
A car sells at different prices at different dealerships in a local market. If a consumer has imperfect information about the price of a car at each dealership, he should
a. always gather all available information about prices. b. gather information about prices until the expected marginal benefit of more information equals the marginal cost of gathering it. c. gather information about prices only if it can be gathered without cost. d. ignore information about prices because it is irrelevant to making an "optimally imperfect" decision.
The person responsible for beginning to privatize China's economy since the mid-1970s is
A. Deng Xiaoping. B. Mao Tse-tung. C. Sun Yat-sen. D. Chiang Kai-shek.