If income increases and prices are unchanged, the consumer's budget constraint
a. remains the same.
b. shifts outward.
c. shifts inward.
d. rotates outward along the horizontal axis.
b
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Which of the following is not money?
a. Checks b. Coins c. Federal reserve notes d. Debit cards e. Credit cards
How are money cost and opportunity cost related to each other?
a. If markets function well, they are closely related. b. They are always identical in any economic system. c. Opportunity cost always exceeds money cost. d. Money cost is less than or equal to opportunity cost. e. In a market economy, they are always equal to each other.
What happened to the measure of money, M0, which includes only cash, bank reserves, and deposits at the Federal Reserve during the crisis?
a. It shrank measurably. b. It expanded slightly. c. It more than doubled. d. There was no change in MO.
All financial account transactions are linked to current account transactions, since the current and financial accounts are mirror images of each other
Indicate whether the statement is true or false