Which of the following is part of "M2" but not "M1"?
A) money market mutual fund shares
B) saving deposits
C) time deposits (under $100,000)
D) all of the above
E) none of the above
D
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A new technology is discovered that results in all new cars producing 50 percent less pollution. The technology costs nothing to produce and cars do not change in price
As a result of the technology, there is a reduction in the number of visits people make to the doctor to complain of breathing difficulties. Which of the following is true? A) Real GDP decreases as a result of fewer doctor services being provided. B) Real GDP is not affected. C) Nominal GDP increases to reflect the improvement in the health of the population. D) Real GDP decreases to reflect the decrease in pollution. E) Nominal GDP does not change and real GDP increases.
The primary differences in economic structure among different countries relate to ownership of resources and the manner in which economic activities are coordinated
a. True b. False
Which of the following is true if a nation's official money fails to serve as a medium of exchange? a. Nothing will replace money to help facilitate exchange. b. There will be an increase in economic efficiency
c. Resources will divert from production to exchange. d. Transactions costs of exchange will decrease. e. Fewer barter exchanges will be completed.
Table 36-1Suppose the economy of Macroland is described by the following:C = 200 + 0.8 DI (DI = disposable income)I = 300 + 0.2Y?50r (Y = GDP)(r, the interest rate, is measured in percentage points. For example, a 9 percent interest rate is r = 9).For this economy, assume that the Federal Reserve uses its monetary policy to peg the interest rate atr = 5G = 750T = 0.25YX = 200M = 150 + 0.2YHint: DI = Y?T From Table 36-1, find the trade deficit or surplus.
A. 475 deficit B. 75 deficit C. 75 surplus D. 475 surplus