Which of the following is included in M2? I. money market mutual funds II. small-denomination certificates of deposit
A) I only
B) II only
C) Both I and II
D) Neither I nor II
C
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Firms in monopolistic competition charge prices that are ________ those of the other firms in the market
A) close to B) very different from C) the same as D) completely unrelated to
Given the bank reserve-holding ratio e and the quantity of bank deposits D, the demand by banks for high-powered money is
A) eD. B) e/D. C) D/e. D) e + D. E) D - e.
How do the hierarchical and dual mandates differ in terms of macroeconomic consequences?
What will be an ideal response?
An increase in investment, combined with an increase in imports, would have what effect on aggregate demand? a. AD would increase
b. AD would decrease. c. AD would stay the same. d. AD could either increase or decrease, depending on which change was of a greater magnitude.