Based on the data in the table above, what is the value of M2?
A) $2,950 billion
B) $4,187 billion
C) $7,978 billion
D) $8,587 billion
D
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All economic questions are about
A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants.
The aggregate demand curve shows that, if other factors are held constant, a
A) higher price level results in a decrease in the quantity of real GDP demanded. B) higher price level results in an increase in the quantity of real GDP demanded. C) higher price level results in a lower interest rate. D) lower price level results in a higher interest rate.
A Giffen good could be either a normal good or an inferior good
Indicate whether the statement is true or false
If a university begins a policy of permanently expelling any student caught cheating in any way, you would expect that: a. no students would cheat
b. fewer students would cheat. c. major cases of cheating would become a larger fraction of all cases of cheating attempted. d. Both b. and c. would occur.