Given that Monika's income exceeds her expenditures, Monika is best described as a
a. saver or as a supplier of funds.
b. saver or as a demander of funds.
c. borrower or as a supplier of funds.
d. borrower or as a demander of funds.
a
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An increase in the reserve requirement would:
A) decrease excess reserves and reflect an expansionary monetary policy. B) decrease excess reserves and reflect a contractionary monetary policy. C) increase excess reserves and reflect an expansionary monetary policy. D) increase excess reserves and reflect a contractionary monetary policy.
If a good is a normal good then
a. other things equal, no consumer will buy it b. a rise in income or wealth will increase the amount of the good that consumers will purchase c. a decline in income will increase the amount of it that consumers will purchase d. abnormal goods are never substituted for it e. normal consumers will always demand it
Table 36-1Suppose the economy of Macroland is described by the following:C = 200 + 0.8 DI (DI = disposable income)I = 300 + 0.2Y?50r (Y = GDP)(r, the interest rate, is measured in percentage points. For example, a 9 percent interest rate is r = 9).For this economy, assume that the Federal Reserve uses its monetary policy to peg the interest rate atr = 5G = 750T = 0.25YX = 200M = 150 + 0.2YHint: DI = Y?T From Table 36-1, find the trade deficit or surplus.
A. 475 deficit B. 75 deficit C. 75 surplus D. 475 surplus
According to the Law of Diminishing Marginal Returns, as additional units of one input are employed as all other inputs are held constant, total output will eventually ______.
A. decrease B. increase at an increasing rate C. increase at a decreasing rate D. increase at a constant rate