The largest component of the money supply (M1 ) is
A) time deposits.
B) large CDs.
C) demand deposits.
D) coin and currency.
C
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In open market operations, when the Fed __________ securities, bank reserves __________
A) buys; contract B) buys; expand C) sells; expand D) None of the above.
Which of the following phrases does not describe an essential characteristic of a factory?
a. produces a standardized product to be sold in a wide market b. relies on stocks and bonds in order to finance plants and machinery c. assembles workers under a definite organizational discipline d. carries out complex operations in one building or in adjacent buildings
Statistical discrimination:
A. is always a legal solution to information asymmetry. B. is an irrational response to information asymmetry. C. can limit the opportunities of individuals just because they happen to belong to a certain group of people. D. All of these statements are true.
A demand curve:
A. shows the relationship between price and quantity supplied. B. indicates the quantity demanded at each price in a series of prices. C. graphs as an upsloping line. D. shows the relationship between income and spending.