If you got a birthday gift of a $100 U.S. savings bond, you would have received
a. M1 money
b. M2 money
c. specie
d. near money
e. not money
D
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In new Keynesian theory, the pattern of inflation exhibited by an economy with growing aggregate demand known as inflation dynamics is
A) initially sluggish upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future. B) initially sluggish downward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. C) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by lower inflation in the future. D) initially speedy upward adjustment of the price level and inflation in response to higher aggregate demand followed by higher inflation in the future.
Consider the following economic agents:
a. the government b. consumers c. producers Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? A) producers B) consumers C) the government, consumers, and producers D) the government E) consumers and producers
If the U.S. government runs a budget deficit (G? T), that deficit must be financed by an excess of
A. T over G. B. C over T plus G. C. investment by American businesses and individuals. D. S over I by American businesses and individuals, or by borrowing from foreigners.
Refer to the graph shown depicting a monopolistically competitive firm. The marginal cost curve is represented by curve:
A. A. B. B. C. C. D. D.