The U.S.'s high trade deficit must be balanced by:
A. high net capital outflows.
B. low net capital outflows.
C. net capital inflows.
D. None of these statements is true.
Answer: C
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Institutions that make loans to borrowers and obtain funds from savers are called
A) financial markets. B) financial intermediaries. C) financial conglomerates. D) financial branches.
Which of the following is a definition of velocity?
a. Velocity = value of final goods and services produced/money supply b. Velocity = real GDP/M c. Velocity = nominal GDP/real GDP d. Velocity = (P Q)/(M V)
The interest rate will fall when the:
A. Quantity of money demanded exceeds the quantity of money supplied B. Quantity of money supplied exceeds the quantity of money demanded C. Demand for money increases D. Supply of money decreases
Refer to Figure 16-5. Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the monopoly price. What is the quantity it should produce?
A) 240 units B) 320 units C) 480 units D) 560 units