Each country's IMF quota subscription is determined by
A) the relative size of its national income.
B) the size of its population.
C) the size of world trade.
D) how much a country wants to contribute.
A
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Sam Lewis owns a firm in New York City's garment district. If Sam keeps adding workers to use the same number of sewing machines, eventually the workplace will become so crowded that workers will get in each other's way. At this point
A) Sam should begin using a division of labor in his business. B) Sam's business will be in violation of safety rules that have been established by the New York City government. C) the marginal product of labor in Sam's business would be negative and his total output would decrease. D) Sam should encourage his workers to share their sewing machines.
Which of these government financing methods is generally the least inflationary?
A) Printing currency B) Borrowing from the banking system C) Borrowing from the central bank D) Borrowing from the non-bank public
The primary functions of money are
a. velocity, liquidity, and transactions b. speculative demand, measure of value, and precautionary demand c. a medium of exchange, a measure of value, and a store of value d. a store of value, heterogeneity, and a medium of exchange e. currency value, fiat value, and accepted value