Because of the European Monetary Union, each EU member is now:
A. less able to manage its own economy.
B. less susceptible to internal shocks.
C. less susceptible to external shocks.
D. better able to manage its own economy.
Answer: A
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In the above figure, when disposable income is greater than 600
A) saving is negative. B) the MPC is greater than 1. C) saving is positive. D) the MPS is negative.
If $1 is worth 10 yen, then 1 yen is worth:
A. $1.00. B. $0.01. C. $1.10. D. $0.10.
Picture a competitive market with the usual upsloping supply curve and downsloping demand curve. If the current price is creating a shortage, then market forces will cause the price to adjust and:
A. Quantity supplied will increase B. Quantity supplied will decrease C. Quantity demanded will increase D. Demand will decrease
Suppose Kaylee withdraws $4,000 from her bank. If the reserve ratio is 25 percent, then this will lead to a decrease in M1 of:
A. $1,000. B. $4,000. C. $8,000. D. $12,000.