A central bank is
A) an international bank. B) the largest bank in the country.
C) a banker's bank. D) the largest bank in the country's capital.
C
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When an individual's wage rises, the income effect tends to:
a. increase hours worked. b. decrease hours worked. c. leave hours worked unchanged. d. an impossible prediction about what will happen to hours worked.
BP has
A) only used external markets. B) used internal markets successfully to reduce emissions. C) used internal markets to deal with a network externality. D) none of these choices.
Ceteris paribus, which of the following situations would result in the largest quantity of money demanded?
a. When nominal GDP = $1.4 trillion and the interest rate is 3 percent. b. When nominal GDP = $1.4 trillion and the interest rate is 6 percent. c. When nominal GDP = $1.2 trillion and the interest rate is 5 percent. d. When nominal GDP = $800 billion and the interest rate is 4 percent.
To try to eliminate a recessionary gap the Fed typically__________ the money supply, and to try to eliminate an inflationary gap the Fed typically __________ the money supply
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases