After two rounds of quantitative easing, the money supply was:
A. $2 trillion, still less than the amount pre-crisis.
B. $2 trillion, nearly double the amount pre-crisis.
C. $1 trillion, nearly the same as the amount pre-crisis.
D. $3 trillion, more than triple the amount pre-crisis.
Answer: D
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The amount of money that people wish to hold to use in transactions varies directly with
A) the income tax rate. B) their planned near-term purchases. C) the money supply. D) the interest rate.
In an extensive-form game, payoff to a player is usually higher if ________
A) he follows a pure strategy B) he follows a mixed strategy C) he is the first mover D) he is the second mover
Exhibit 8-1 Monopolist's demand curve
?
In Exhibit 8-1, the marginal revenue curve corresponding to the monopolist's demand curve would be a straight line drawn between points:
A. A to B. B. A to D. C. C to B. D. C to D.
The incentives built into nearly all welfare programs
A. encourage family planning. B. encourage marriage. C. encourage work. D. none of the above.