The liquidity approach to measuring the money supply uses
A. M1 plus some highly liquid assets.
B. M1 only.
C. near moneys only.
D. M2 plus some highly liquid assets.
Answer: A
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When it comes to the composition of tax revenues from different sources,
(a) developing countries derive the largest portion of their revenue from income taxes and developed countries from consumption taxes. (b) developing countries derive the largest portion of their revenue from consumption taxes and developed countries from income taxes. (c) both developing countries and developed countries derive the largest portion of their revenue from income taxes. (d) both developing countries and developed countries derive the largest portion of their revenue from consumption taxes.
The monetary policy (MP) curve indicates the relationship between
A) the Federal Funds Rate and the real interest rate. B) the Federal Funds Rate and the inflation rate. C) the inflation rate and the expected inflation rate. D) the real interest rate the central bank sets and the inflation rate.
How many patents has the U.S. Patent and Trademark Office issued annually in recent years?
a. 100,000 b. 150,000 c. 500,000 d. 1,000,000
Suppose the economy is at a full-employment GDP of $1 trillion and the tax revenue received by the federal government is always one-fifth of GDP. If planned government expenditure is $300 billion, the structural
A. Deficit is zero. B. Deficit is $100 billion. C. Deficit is $500 billion. D. Surplus is $100 billion.