An example of an intermediate good would be a(n)
a. new car.
b. used car.
c. new tire for a used car.
d. tire for a new car.
e. All of the above.
d
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If income falls without any change in interest rates, then according to the IS-LM model it may be true that:
a. money demand fell and government spending declined. b. the money supply increased and taxes declined. c. tight monetary policy and easy fiscal policy. d. easy monetary policy and easy fiscal policy.
At the point where the consumption function crosses the 45-degree line:
a. consumption is equal to disposable income, and therefore, saving is zero. b. consumption is less than income, and saving is present. c. consumption is greater than income, and dissaving is present. d. planned saving equals actual saving minus disposable income.
In the knowledge economy
A) the supply chain has been decomposed. B) property rights have been altered. C) increasing returns may occur more often. D) all of these choices.
What factors influence the stability of velocity? Why is velocity's stability a crucial issue for assessing the effectiveness of monetary policy?