A criticism of the monetarist autonomous spending variable is that
A) some types of autonomous spending do not affect aggregate demand.
B) some types of autonomous spending affect aggregate demand before the spending occurs. Some types of autonomous spending affect aggregate demand when they occur.
C) some types of autonomous spending affect aggregate demand only long after they occur.
D) Keynesians do not think that autonomous spending affects aggregate demand.
B
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When a commercial bank borrows from a Federal Reserve Bank, ________.
A. it indicates that the commercial bank is unsound financially B. the supply of money automatically increases C. the commercial bank's reserves are reduced D. the commercial bank's lending ability is increased
A loan is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate.
Sometimes spreading has an advantage over hedging to lower risk because:
A. spreading increases expected returns, hedging does not. B. it is cheaper to spread than hedge. C. spreading does not affect expected returns. D. it can be difficult to find assets that move predictably in opposite directions.
In the United States, a patent lasts
A. 20 years. B. 14 years. C. forever. D. 7 years.