The number of times per year that a dollar is spent on final goods and services defines
A) the income velocity of money. B) the money supply.
C) the price index. D) GDP.
A
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When someone sells a bond at a discount, the holder of the bond earns ________ with the purchase
A) a capital gain B) a capital loss C) market value D) interest
Fully accommodating monetary policy results in
A) a constant interest rate. B) the simple fiscal-policy multiplier of Chapter 3. C) an increase in the money supply when there is a rise in government spending. D) All of these.
Suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. What is the value of net exports?
a. $170 million b. $80 million c. $10 million d. -$10 million
If a firm shuts down for a week, during that week its:
A. total variable cost exceeds total fixed cost. B. total cost is zero. C. total cost equals total variable cost. D. total cost equals total fixed cost.