Most innovation comes from universities and governments, which are inherently market driven.
Answer the following statement true (T) or false (F)
False
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If the money multiplier is 3.0, a $1,000 increase in the monetary base
A) increases quantity of money by $3,000. B) decreases the quantity of money by 3 percent. C) increases the monetary base by $300. D) increases the money multiplier by 3 percent. E) decreases quantity of money by $3,000.
The idea of the invisible hand was introduced by
A. Wassily Leontief. B. Adam Smith. C. Thomas Jefferson. D. Mountifort Longfield.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
The liquidity property of money is the property that makes money
A. a good store of value and a good unit of account. B. a good store of value and a good standard of deferred payment. C. a good medium of exchange and a good unit of account. D. a good medium of exchange and a good store of value.