Which one of the following is a part of our money supply?
A. Gold
B. Credit cards
C. U.S. Treasury bills
D. Demand deposits
D. Demand deposits
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The relationship between professional basketball players and the owners’ association is an example of a bilateral monopoly.
Answer the following statement true (T) or false (F)
Under the Coinage Act of 1792:
a. gold coins contained more metal than silver coins of the same denomination. b. silver coins contained more metal than gold coins of the same denomination. c. gold coins contained about the same amount of metal as silver coins of the same denomination. d. gold coins were minted only in high denominations and silver coins were minted only in low denominations.
If a firm decides to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain permission to reduce price below a specific threshold, and the manager has all the relevant information transferred to him by the firm, the solution would
a. Work b. Not work c. Not work in all circumstances d. None of the above
Decreases in aggregate demand move the economy down the short run aggregate supply and up the Phillips Curve
a. True b. False Indicate whether the statement is true or false