The term loanable funds refers to money that is available for borrowing by households, businesses, and governments
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is true when a Nash equilibrium is reached in a duopoly with homogeneous products?
A) Both the firms earn positive economic profits. B) Each firm charges a price equal to its average fixed cost. C) Both the firms earn zero economic profits. D) Both firms incur huge losses.
The yield to maturity for a one-year discount bond equals the increase in price over the year, divided by the
A) initial price. B) face value. C) interest rate. D) coupon rate.
The major policy-making group within the Fed is the __________ Committee
A) Federal Reserve Tax B) Federal Reserve Banking C) Federal Open Market D) Federal Reserve Decision-Making E) Regional Bank
Changes in nominal variables are determined mostly by the quantity of money and the monetary system according to
a. both the classical dichotomy and the quantity theory of money. b. the classical dichotomy, but not the quantity theory of money. c. the quantity theory of money, but not the classical dichotomy. d. neither the classical dichotomy nor the quantity theory of money.