When a firm establishes a long-term contract with another firm that is characterized by common ownership of a supplier with another firm, it is referred to as a:
A. joint venture.
B. franchise agreement.
C. standard supply contract.
D. lease contract.
Answer: A
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When an economy faces an inflationary gap, an appropriate fiscal policy is to
A) increase aggregate demand. B) decrease government expenditure. C) decrease the quantity of money. D) decrease taxes. E) increase the quantity of money.
Suppose that nominal interest rates double. As a result, the quantity of money doubles as well
Indicate whether the statement is true or false
Which of the following contributed to the sharp increase in Federal tax revenues between 1995 and 2001?
A) an increase in income tax rates B) a sustained economic expansion C) increased income inequality D) all of the above
Which of these transactions results in an increase in M1?
A) withdrawal of $100 cash from your checking account B) certificate of deposit matures, adding $520 to your checking account C) depositing a bank loan of $400 into your savings account D) depositing a $300 paycheck into your savings account E) none of the above