The term "cash transfer" means " cash or outright benefits given to individual as outright grants from the government?
A) True
B) False
Answer: A. True.
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If the price level falls, the
A) quantity of money demanded decreases. B) quantity of money demanded increases. C) demand for money does not change and the quantity of money demanded does not change. D) demand for money increases. E) demand for money decreases.
An increase in the required reserve ratio by the Federal Reserve would:
a. cause M1 to contract. b. cause M1 to expand. c. have no effect on M1 or M2. d. affect only M2, not M1.
What is the annual rate of economic growth in Japan if real GDP at the beginning of the year is 11.9 trillion yen and real GDP at the end of the year is 11.1 trillion yen?
a. 0.65% b. -6.7% c. 1.9% d. 0.008% e. -6.25%
The money supply in the United States is backed by
A. silver. B. gold. C. platinum. D. faith.