According to the Federal Reserve there is $750 billion in currency in the hands of the public. What percent does the U.S. Treasury estimate is held outside the United States?
A. 20-25%
B. 30-40%
C. 50-67%
D. 67-75%
D. 67-75%
You might also like to view...
Induced expenditure is any expenditure that
A) is fixed for all price levels. B) is fixed for all levels of real GDP. C) changes when real GDP changes. D) changes when the interest rate changes. E) is fixed for all levels of the interest rate.
An increase in the equilibrium quantity of a product will result
A) when there is an decrease in demand and a decrease in the cost of inputs used to make the product. B) when there is an increase in supply and an increase in demand for the product. C) when the quantity of the product supplied exceeds the quantity demanded. D) when there is an increase in supply and a decrease in demand for the product.
Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the total revenue collected by the firm?
A) $6,720 B) $7,680 C) $10,240 D) $13,440
For a normal good, such as steak,
a. quantity demanded increases as its price falls. b. the income and substitution effects work in opposite directions c. the income effect is negative d. the income effect reinforces the substitution effect e. the supply curve is vertical