The revenue raised by printing money is called:
A. interest rates.
B. velocity.
C. seigniorage.
D. nominal income.
Ans: C. seigniorage.
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Which of the following sets of outcomes is exhaustive?
A) win, lose, tie B) employed full-time, employed part-time, unemployed C) married, single, widowed D) All of the above.
On Thanksgiving, Jake's mother gives him a huge platter of food. If Jake were to keep eating just to please his mother (even when he really wanted to stop), his marginal utility would be:
a. the same as his total utility. b. large. c. minus one. d. positive. e. negative.
A city in which 320,000 persons are employed has a labor force of 359,500 persons. The unemployment rate for the city is: a. 7.8 percent
b. 11.0 percent. c. 12.3 percent. d. 14.5 percent.
In the United States, the money supply (M1) consists of
a. paper currency, coins and traveler's checks. b. government bonds, currency, demand deposits, other checkable deposits, and traveler's checks. c. paper currency, coins, demand deposits, and savings deposits. d. coins, paper currency, demand deposits, other checkable deposits, and traveler's checks.