The above figure shows a graph of the market for pizzas in a large town. No pizzas will be supplied unless the price is above
A) $0.
B) $5.
C) $12.
D) $14.
B
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Of the following, which would not be considered an unconventional monetary policy approach?
A. Discount rate B. Policy duration commitment C. Credit easing D. Quantitative easing
An individual who suffers from money illusion will
A. feel that the same percentage increase in prices and income improves his economic position. B. concentrate on relative prices. C. only be concerned about the prices of a few goods. D. never be fooled by the impact of price changes on the purchasing power of income.
Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of
A) inflation. B) real GDP. C) interest rates. D) employment.
Which of the following statements is true?
A) Corporations can issue stocks and bonds, while proprietorships cannot. B) Corporations have one owner, while proprietorships have many owners. C) Corporations face fewer taxes than do proprietorships. D) Proprietorships have limited liability while corporations have unlimited liability.