Seignorage is the revenue a government raises by
A) taxation.
B) printing money.
C) borrowing money.
D) charging fees for services.
B
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How does the break-even inflation rate differ from the expected inflation rate as measured in surveys?
A) They are very close to each other. B) The break-even inflation rate varies less than the expected inflation rate from surveys. C) The break-even inflation rate varies more than the expected inflation rate from surveys. D) The break-even inflation rate is always several percentage points higher than the expected inflation rate from surveys.
When a firm faces a perfectly competitive market and buys its inputs from perfectly competitive markets, the only choice the firm has to affect its profits is to:
A. increase its selling price. B. change the quantity it produces. C. decrease the selling price. D. decrease its cost of production lower than other firms.
If the quantity of rental units increases by 10 percent when the monthly rental price doubles, the supply of rental units, other factors held constant, is:
a. elastic. b. inelastic. c. perfectly elastic. d. perfectly inelastic.
If U.S. demand for imports increases it would be expected that the value of the dollar in international currency markets would tend to
A. increase. B. change in a manner that cannot be determined without additional information concerning the direction of the shifts in the demand for and supply of dollars. C. decline. D. remain unchanged.