A supply curve
A. has a direct or positive relationship between price and quantity supplied.
B. has an indirect or negative relationship between price and quantity supplied.
C. shows the relationship between complements.
D. shows the relationship between quantity supplied and income.
Answer: A
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The deflation of the 1930s impacted the U.S. economy because it led some consumers to ________ and because it ________
A) demand higher wages in anticipation of prices eventually rising again; increased manufacturing since firms could afford to hire more labor B) increase purchases to take advantage of the falling prices; increased the burden on lenders C) postpone purchases while they waited for prices to fall even lower; increased the burden on borrowers D) borrow more money since money was now cheap; reduced the amount of money consumers would have to pay back on their outstanding loans
The M2 money supply
a. includes large denomination time deposits which are part of M1 b. excludes checking accounts which are part of M1 c. does not include money market mutual accounts because they are part of M1 d. includes demand deposits and small denomination time deposits because each ispart of M 1and M2, respectively e. includes large denomination repurchase agreements which are part of M1
Corporate profits are
A) taxed at too low a rate. B) taxed only when a stockholder sells his or her shares of stock. C) taxed twice—once by the corporate tax system, and again by personal tax system when they are paid to stockholders as dividends. D) taxed three times—once by the corporate tax system, again by the personal tax system, and again as capital gains.
Discuss the change of the design of monetary policy over time
What will be an ideal response?