Which of the following is NOT a type of demand for holding money?
A. transactions demand
B. asset demand
C. precautionary demand
D. qualitative demand
Answer: D
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The ratio of nominal GDP to money supply is referred to as:
A) velocity. B) inflation ratio. C) Fischer's ratio. D) price index.
Refer to Figure 13.2. If Oliver's political views place him at the L4 position and George's political views place him at the C4 position, the winner of the election will be
A) Oliver Cousins. B) George Glass. C) The vote will end in a tie. D) It is uncertain who will win this election.
Proponents of tax-law changes to encourage saving would
a. argue that corporate tax rates should be decreased. b. increase the number of government benefits which are means-tested. c. argue that state sales tax should be replaced with state income tax. d. favor none of the above programs.
With price? discrimination, a monopoly
A) converts consumer surplus into economic profit.
B) converts producer surplus into economic profit.
C) can charge a single price to all customers.
D) produces less output than if it does not price discriminate.
E) converts consumer surplus into dead weight loss.