One example of qualitative easing, or unconventional monetary policy, is a purchase by the Fed of Treasury bonds
a. True
b. False
Indicate whether the statement is true or false
False
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Money functions as a(n)
A) medium of exchange. B) unit of account. C) store of value. D) all of the above.
In the text, the equivalence of the goods market equilibrium in the IS model to the equilibrium in which desired investment equals desired saving is demonstrated, assuming that both government purchases and net exports are zero
Demonstrate the equivalence when both G and NX are non-zero.
A monopolist
a. can charge whatever price it wants b. charges more than almost any consumer is willing to pay c. is constrained by marginal cost in setting price d. is constrained by demand in setting price e. always earns an economic profit
Which of the following statements is NOT true about economic growth?
A. Growth generally means that overall the members of the nation are better off materially. B. When growth occurs the production possibilities curve shifts outward. C. Growth represents an increase in a nation's productive capacity. D. Growth is measured as the overall level of real GDP.