Offering product-specific services ________ consumer demand and ________ the retailers' cost of selling the product.
A) decreases; increases
B) decreases; decreases
C) increases; decreases
D) increases; increases
D) increases; increases
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If aggregate expenditure is less than GDP, then inventories rise and GDP falls
Indicate whether the statement is true or false
The stock market boom in 1922–1929 seems "rational" enough if you take into account the expansion of the money supply in the same period
Indicate whether the statement is true or false
If a country wants to keep the value of its currency fixed, then its central bank should
A) sell domestic goods when there is an increase in the supply of its domestic currency. B) buy domestic goods when there is an increase in the supply of its domestic currency. C) sell its domestic currency when there is an increase in the supply of that currency. D) buy its domestic currency when there is an increase in the supply of that currency.
What is typically not considered a characteristic of a central bank?
a. The bank backs its currency with gold or silver. b. The bank has considerable control over the stock of money and uses this control to moderate fluctuations in credit conditions and prices. c. The bank regulates other banks. d. The bank lends a lot of money to the government. e. The bank serves as a lender of last resort to other banks by lending them money when no one else will.