Which one of the following is the largest component of the money supply (M1) in the United States?
a. demand and other checking deposits
b. gold certificates
c. credit cards and traveler's checks
d. Federal Reserve notes
A
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Ham and eggs are complements. If the price of ham rises, the demand for eggs will
A) increase or decrease but the demand curve for ham will not change. B) decrease and the demand curve for ham will shift rightward. C) not change but there will be a movement along the demand curve for eggs. D) decrease and the demand curve for eggs will shift leftward.
Equilibrium real income is more stable in the face of aggregate autonomous expenditure variability under
A) a floating exchange rate. B) a pegged exchange rate. C) a fixed exchange rate. D) perfect capital mobility systems.
Theresa opens a 5-year CD for $1,000 that pays 2% interest compounded annually. What is the value of the CD at the end of the 5 years?
a. $1,104.08 b. $1,100.00 c. $1, 020.00 d. $1,220.10
One method firms can use to solve the duopolists' dilemma is to engage in:
A. predatory pricing. B. tying contracting. C. marginal cost pricing. D. low-price guarantees.