Which of the following is not assumed to be constant along a money demand curve?
What will be an ideal response?
the interest rate
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A trade balance where exports exceed imports is called:
A) trade surplus. B) trade deficit. C) budget deficit. D) none of the above.
The American Revolution, the Civil War (1861–65) and World War I (1914–18)
(a) diverted U.S. resources from peace-time, private uses and toward war-related uses. (b) encouraged the efficient allocation of resources. (c) increased long-term investment opportunities. (d) resulted in the excessive contraction of money to finance war efforts.
Suppose a freeze in Florida significantly reduces the supply of oranges this year. As a result, would you expect the total revenue from the sale of orange juice to rise or fall? Explain
The objectives set for the Fed by Congress are:
A. specific on the growth rate for the economy, but vague on all other objectives. B. by design, quite vague, allowing the Fed to really set its own goals. C. specific regarding inflation, but vague on all other goals. D. very specific; this adds to the Fed's accountability.