The basic money supply:
A. Is controlled by Congress and the U.S. Treasury.
B. Includes savings accounts.
C. Includes currency and transactions accounts.
D. Includes money market mutual funds.
C. Includes currency and transactions accounts.
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Refer to the scenario above. In this game, the ________ strategy combination gives strictly lower payoffs than the ________ strategy combination
A) (confess, confess); (do not confess, do not confess) B) (confess, do not confess); (do not confess, confess) C) (do not confess, do not confess); (confess, confess) D) (do not confess, confess); (confess, do not confess)
When the collective bargaining process fails to produce an acceptable contract, the union can attempt to extract a higher wage from a monopsonist by
a. bringing in more workers b. allowing the workers to negotiate their own individual terms c. shifting the MLC curve downward d. going on strike e. increasing the return to monopsony power
If the real interest rate is 5%, the rate of inflation in the United States is 6%, and the rate of inflation in the United Kingdom is 3%, which of the following statements would NOT be true?
A) The nominal rate of interest in the United States would be greater than the nominal interest rate in the United Kingdom. B) The difference between the U.K. and U.S. interest rates is a function of the difference between their inflation rates. C) The nominal rate of interest in the United States and the United Kingdom would be the same because of purchasing power parity. D) Investors would get a higher return on their money in the United States.
Which of the following is not an example of M1 money?
(A) A checking account (B) Travelers' checks (C) Currency (D) A mutual fund