According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, U.S. investors had accumulated ________ of foreign assets.
a. $24.6 billion
b. $2.46 trillion
c. $24.6 trillion
d. $246 trillion
c. $24.6 trillion
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By mid-century, American workers benefited by state regulations providing for
a. a minimum wage in manufacturing. b. pensions for long-term employees. c. a ten-hour upper limit on the work day. d. periodic breaks for workers during the work day. e. All of the above.
Which of the following is not implied by the quantity equation?
a. If velocity is stable and money is neutral, an increase in the money supply creates a proportional increase in nominal output. b. If velocity is stable and money is neutral, an increase in the money supply creates a proportional increase in the price level. c. With constant money supply and output, an increase in velocity creates an increase in the price level. d. With constant money supply and velocity, an increase in output creates a proportional increase in the price level.
Refer to Figure 10-9. If the consumer has $240 to spend on DVDs and CDs, what is the price of a DVD if the budget constraint is BC1?
A) $10 B) $20 C) $24 D) $40
What happens to the Canadian monetary base if there is an excess supply of 100 million euros in the foreign exchange market, which the Bank of Canada purchases?
a. The Canadian monetary base falls by 100 million euros worth of Canadian dollars. b. The Canadian monetary base falls. The amount depends on the size of the money multiplier c. The Canadian monetary base might fall or rise. d. The Canadian monetary base rises by 100 million euros worth of Canadian dollars. e. The Canadian monetary base rises. The amount depends on the size of the money multiplier.