When a $100 bill is printed by the Fed, the Fed has a financial liability because the:
A. Fed issued the bill.
B. bill will not be counted as part of M1.
C. Fed is part of the government.
D. Fed has the printing machine.
Answer: A
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When the price of an asset is growing rapidly, speculators:
A. usually look for other investment opportunities. B. have a strong incentive to sell the asset before its price gets even higher. C. often rush to buy the asset in the hopes of selling it later at a profit. D. typically refrain from buying the asset because they know its price will eventually fall.
In the Solow model, if f(k) = 8k0.5, s = 0.2, n = 0.3, and d = 0.1, what is the value of k at equilibrium?
A) 1 B) 4 C) 9 D) 16
A rising price level should shift the expenditure schedule
a. upward and decrease equilibrium real GDP. b. downward and increase equilibrium real GDP. c. downward and decrease equilibrium real GDP. d. upward and increase equilibrium real GDP.
A new domestic industry with a potential for economies of scale is a(n):
A) agglomeration industry. B) infant industry. C) monopsonistic industry. D) competitive industry.