The fastest growing money supply since 1970 has been
a. M1
b. M2
c. M3
d. M1 and M3 (approximately the same rate) and not M2 because M2 is part of M3
e. M1, M2, and M3 which, by definition, must grow at the same rate
B
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Which of the following is true at the output level where P=MC?
A) The monopolist is maximizing profit. B) The monopolist is not maximizing profit and should increase output. C) The monopolist is not maximizing profit and should decrease output. D) The monopolist is earning a positive profit.
Which one of the following could cause a recessionary gap?
a. Interest rates are too low. b. Consumers spend more than they earn. c. Price levels are too high. d. Businesses spend more than they save.
The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.
With an export subsidy of $20 per bushel, the net loss in national well-being as a result of the export subsidy is
A. $500 million. B. $200 million. C. $2.2 billion. D. $300 million.
The inter-bank loans that appear on banks' balance sheets represent what proportion of bank capital?
A. About one-third B. Less than one percent C. Almost three-fourths D. Nearly ten Less than 4 percent