Which of the following is counted as part of M2?
a. Currency
b. All of the answers are correct.
c. Money market funds
d. Checkable deposits at commercial banks
b
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Which of the following transactions directly leads to a surplus on the U.S. capital and financial account?
A) An American purchases a share of stock on the Tokyo exchange. B) An American sells wheat to an African nation. C) A Japanese resident purchases a U.S. government bond. D) A resident of France visits the United States.
Refer to the graph shown. To maximize profit, this firm should produce:
A. 250 units of output. B. 525 units of output. C. 450 units of output. D. 120 units of output.
If the government ran a major deficit, and there was no noticeable effect on the level of GDP, this could be taken as evidence of
A. crowding-in. B. structural deficit. C. crowding-out. D. monetary policy ineffectiveness.
The effects of a per-unit tax imposed on sales of an industry's product would likely include
A. a leftward movement along the market supply curve for the product. B. a lower product price at any amount of the product supplied. C. a leftward shift of the market supply curve for the product. D. none of these.