Which of the following is true?
a. Velocity is not constant over time
b. The best way to study economic activity is to start with the equation and then integrate the money supply and the volume of international trade.
c. Control over the money supply implies that the Fed has precise control over real GDP.
d. All of the above are true.
a
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In the short run, all prices are flexible.
a. true b. false
Which of the following is NOT an artificial barrier to entry?
A. a patent B. government franchise C. large economies of scale D. government licensing
Deposit insurance creates a moral hazard that depositors have less incentive to monitor their bank.
Answer the following statement true (T) or false (F)
How did the original focus of the IMF differ from that of the World Bank?
A. The IMF dealt in North and South America only, and the World Bank dealt with the rest of the world. B. The IMF gave grants to developing countries and the World Bank made loans. C. The IMF assisted wealthy nations and the World Bank assisted developing nations. D. The IMF provided short-term loans and the World Bank provided long-term loans.