The money supply is ________ related to expected deposit outflows, and is ________ related to the market interest rate
A) negatively; negatively
B) negatively; positively
C) positively; negatively
D) positively; positively
B
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Refer to the above figure. The top two arrows of the figure refer to the product markets. The bottom arrows refer to the factor markets. Which arrow represents the total monetary value of all goods and services?
A) Arrow A B) Arrow B C) Arrow C D) Arrow D
The statistic most often used by economists to measure the value of economic activity is ________
A) GDP B) the CPI C) labor-force participation rate D) the nominal interest rate E) the real interest rate
Suppose Carrie's utility function for clams is as follows: If she consumes 1 clam, she gets 10 units of total utility; for 2 clams, she gets 18 units of total utility; for 3 clams, she gets 24 units of total utility; for 4 clams, she gets 28 units of total utility; for 5 clams, she gets 30 units of total utility; and for 6 clams, she gets 26 units of total utility
a. Carrie gets 9 units of marginal utility for the 2nd clam. b. Carrie gets 8 units of marginal utility for the 3rd clam. c. Carrie gets 7 units of marginal utility for the 4th clam. d. None of the above are true.
Interest on the government debt is an example of uncontrollable fiscal spending.
Answer the following statement true (T) or false (F)