If a currency increases in value as a result of government decree rather than market forces, the process is known as
a. reflation.
b. revaluation.
c. appreciation.
d. value-added.
b
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An important feature of money market mutual fund shares is
A) deposit insurance. B) the ability to write checks against shareholdings. C) the ability to borrow against shareholdings. D) claims on shares of corporate stock.
The monetarists believed that
A. the way to fight recessions was by means of fiscal policy. B. the quantity theory of money has a great deal of validity. C. recessions generally come about because the Federal Reserve is not allowing the money supply to grow fast enough. D. the money supply should be allowed to grow at least 8 percent a year.
A person will pay $1,000 (and not more) extra for a bigger car that he or she feels is safer. This car will reduce the chance of dying in an automobile accident by 1/550. That means that the buyer is implicitly valuing his or her life at roughly:
A. $55,000. B. $5,500. C. $5,500,000. D. $550,000.
A decrease in demand for cameras would likely be caused by
A. a decrease in the price of cameras. B. an increase in the price of a complementary good. C. an increase in the price of cameras. D. an increase in the price of a substitute good.