Examples of life-cycle wealth include all of the following except
a. homes
b. stocks and bonds
c. wages and salaries
d. automobiles
e. personal clothing
C
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According to the quantity theory of money, in the long run, an increase in the quantity of money results in an equal percentage increase in ________
A) the price level B) the growth rate of real GDP C) the inflation level D) the growth rate of potential GDP
What is an English auction?
What will be an ideal response?
If Max's marginal rate of substitution for goods A and B is 3, then
A. the price of good A exceeds the price of good B. B. the marginal utility of good A is 3 and the marginal utility of good B is 3. C. the ratio of the total utilities of good A and good B is 3. D. Max is willing to give up 3 units of good A for 1 unit of good B.
When the United States engaged in quantitative easing from 2008 to 2014, why didn't the money supply rise sharply?
A. Foreigners wanted all the new dollars created by the Federal Reserve. B. The Fed offset the increased monetary base by raising reserve requirements. C. Banks held the increased monetary base as excess reserves. D. The Fed offset the increased monetary base by buying foreign currency.