Over time:
A. all three measures of money have increased, in general.
B. hard money spiked up dramatically in 2008 in response to the financial crisis.
C. M2 sped up its rate of increase starting around 1995.
D. All of these are true.
D. All of these are true.
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According to the principle of comparative advantage, if a rich country trades with a poor country, then
A) the rich country will benefit and the poor country will lose. B) the rich country will lose and the poor country will benefit. C) both countries will benefit. D) neither of the countries will benefit.
Which of the following is an important ingredient for the achievement of efficient economic organization?
a. highly restrictive exchange rate controls b. secure property rights and political stability c. high and variable rates of inflation d. high marginal tax rates
The economy can produce 15X and 15Y, 10X and 20Y, 5X and 25Y, or 0X and 30Y. It follows that opportunity cost of 1X is ___Y.
What will be an ideal response?
Use the following bank transactions to develop the bank’s balance sheet. To start the bank, owners issue $500,000 in stock to shareholders. Next, they purchase $200,000 worth of equipment and office space to establish the physical location of the bank. Finally, they open the bank and receive $750,000 in check able deposits. With these reserves, they make $600,000 worth of loans.
What will be an ideal response?