Money is destroyed when
A. a bank gives you a $1,000 loan.
B. you pay back a $1,000 loan to a bank.
C. you deposit $1,000 cash to be deposited in your checking account.
D. you cash a check for $1,000 at your bank.
B. you pay back a $1,000 loan to a bank.
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Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the Borda-count method, where if a town gets ranked #1, it gets 3 points per vote, a town ranked #2 gets 2 points per vote,
a town ranked #3 gets 1 point per vote, and a town ranked #4 gets no points per vote. With this method, the town that gets the greatest number of points is A) Desert Sands. B) Glacier Cove. C) Mountain View. D) Oceanside.
Central bank credibility may be established by ________
A) the appointment of individuals to the Fed with a strong aversion to inflation B) quicker responses to negative aggregate supply shocks C) greater coordination between monetary and fiscal policy D) the appointment of central bankers who are hawkish on defense
The Keynesian AD curve differs from the classical AD curve in that:
a. the classical AD curve can shift in response to non-monetary shocks. b. the Keynesian AD curve can shift in response to monetary shocks. c. the Keynesian AD curve can shift in response to non-monetary shocks. d. there is no difference, both are determined by the quantity theory. e. none of the above.
Which of the following is an alternative to patents that still encourages research?
A) the government funding research by firms B) offering a prize for discovery C) government grants to universities D) All of the above.