In the ISLM framework, monetary policy has the greatest impact on equilibrium income
A) when money demand = money supply.
B) when money supply is infinitely elastic.
C) when the interest rate is high.
D) the less is the interest-sensitivity of money demand.
D
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Fiat money is generally issued by
A) brokerage firms. B) private banks. C) major multinational corporations. D) central banks.
In the United States in 2014, the percentage of people who received health insurance through a government program was about
A) 10%. B) 16%. C) 36%. D) 64%.
During a period of economic expansion, when expected profitability is high,
A) the demand curve for bonds shifts to the left. B) the supply curve of bonds shifts to the right. C) the equilibrium interest rate falls. D) the equilibrium price of bonds rises.
Refer to Table 3-1. If the table represents the willingness to pay of four buyers and the price of the product is $15, then who would be willing to purchase the product?
a. Mike b. Mike and Sandy c. Mike, Sandy, and Jonathan d. Mike, Sandy, Jonathan, and Haley