The narrowest official definition of the money supply is
A) M1.
B) M2.
C) M3.
D) L.
Answer: A
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The Fed wants to keep the dollar at 0.80 euros per dollar. If the demand for dollars increases,
A) the Fed sells dollars to increase the supply of dollars and maintain the exchange rate. B) the Fed conducts persistent intervention on one side of the market. C) the Fed buys dollars to increase the supply of dollars and maintain the exchange rate. D) the Fed buys dollars to decrease the supply of dollars and maintain the exchange rate. E) the Fed sells dollars to decrease the supply of dollars and maintain the exchange rate.
Which of the following would increase the supply of physicians?
a. Making it easier for plaintiffs to prove medical malpractice claims b. Increasing the medical school entrance requirements to include 15 hours of economics c. Increasing the cost of attending medical school d. More scholarships and grants to cover medical school tuition e. Reducing the number of residency programs in some specialties in order to increase the number of family practice residencies
If the price of laptops were to rise, then the demand for printers would decrease because laptops and printers are
A. inferior goods. B. substitute goods. C. consumer goods. D. complementary goods.
If excess reserves are too large, a bank is likely to
A. Borrow in the federal funds market. B. Borrow reserves from the discount window. C. Buy government securities. D. All of the choices are correct.