The demand for money was high in the year 2015 when the interest rate on savings deposits and time deposits was close to zero
a. True
b. False
Indicate whether the statement is true or false
True
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The quantity theory of money implies that if the money stock were to double, the price level would
a. fall by one half. b. rise, but only slightly. c. also double. d. be unchanged. e. all of the above.
Which of the following events could explain an increase in interest rates together with an increase in investment?
a. The government runs a larger deficit. b. The government institutes an investment tax credit. c. The government replaces the income tax with a consumption tax. d. None of the above is correct.
Which of the following conditions is TRUE for a monopolist?
A) MR < P B) MR = P C) MR = AFC D) MR < AVC
If the government's spending exactly equals its revenues during a budget year, that government is
A. balancing its budget. B. experiencing a budget surplus. C. running a budget deficit. D. paying off its public debt.