Seignorage is the revenue a government raises by
A. borrowing money.
B. taxation.
C. charging fees for services.
D. printing money.
Answer: D
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The table above gives information about the economy of Spain. If the growth rate in 1998 is maintained, real GDP will double in ________ years
A) 10 B) 18 C) 19 D) 4 E) 25
If an average cost pricing rule is imposed on the natural monopoly in the figure above, then the deadweight loss will be
A) $0. B) $1 million. C) $9 million. D) $16 million.
Research shows that prices tend to remain sticky for a longer period of time
A) in the manufacturing sector than in the service sector. B) in the service sector than in the manufacturing sector. C) in Western Europe than in the United States. D) in the United States than in Western Europe.
Describe the functions of the Federal Reserve System