The quantity of items circulating in the economy that can be used as money is called
A) representative commodity money.
B) the money supply.
C) commodity money.
D) fiat money.
B
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An increase in the tariff on semiconductors lowers the effective rate of protection of computer producers
Indicate whether the statement is true or false
Discuss the changes that have and will in the future affect the usefulness of the M1 and M2 money supply figures as indicators of monetary policy
An economy’s production possibilities curve could shift outward as a result of a(n)
a. increased level of technology. b. reduction in the quantity of capital goods. c. decrease in the production of goods. d. decrease in the amount of available resources.
If individuals save less because inflation lowers returns on savings, this should ________ real interest rates and ________ investment expenditures
A) raise; increase B) raise; reduce C) lower; increase D) lower; reduce