Based on the information in the above table, the value of M1 is
A. $1,900.
B. $2,200.
C. $3,000.
D. $3,100.
Answer: A
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Explain why these data do not communicate whether the regulations outlined by the CAAA of 1990 are efficient.
According to the EPA’s prospective analysis of the 1990 to 2010 period, total social benefits (TSB) associated with the CAAA of 1990 are estimated at $690 billion ($1990) and the comparable total social cost (TSC) estimates are $180 billion ($1990).
Refer to Figure 17-1. Suppose that the economy is currently at point A, and the unemployment rate at A is the natural rate. What policy would the Federal Reserve pursue if it wanted the economy to move to point B in the long run?
A) Sell treasury bills. B) Raise the discount rate. C) Decrease the money supply. D) Buy treasury bills. E) No policy will move the economy to point B in the long run.
Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum. We would expect that as the campaign draws closer to election day,
A) candidate A will move to the right (more conservative) and candidate B will move to the left (more liberal). B) both candidates A and B will move to the other's position in an attempt to capture the other's supporters. C) candidate A will move closer to the middle, and candidate B will stay where he or she is because he or she realizes that Americans are basically liberal. D) candidate B will move closer to the middle, and candidate A will stay where he or she is because he or she realizes that Americans are basically conservative. E) both candidates will move toward the middle.
Holding all else constant, an increase in the real interest rate on Mexican assets will ________ the supply for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. decrease; decrease B. decrease; increase C. increase; increase D. increase; decrease