The largest mutual fund, as of March 2013, held approximately _____ billion in assets under management
A. $75
B. $90
C. $130
D. $180
D. $180
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Legislators in a democracy are more likely to support special interests than the broad interests of citizens generally because
A) incumbents have such powerful advantages in election campaigns. B) money plays such a large role in political campaigns. C) they cannot know what the public interest requires in the absence of market information. D) they do not have to fear being voted out of office. E) they pay attention to the people paying attention to them.
The major difference between the quantity theory of money (QTM) and the equation of exchange (EOE) is:
a. QTM deals with different macroeconomic variables than EOE. b. EOE is a tautology and QTM is a theory. c. EOE is a theory, and QTM is a tautology. d. There is no difference between QTM and EOE. They are both basically looking at the same variables in the same way. One approach is monetarist and the other is Keynesian. e. EOE is a stock concept, and QTM is a flow concept.
Which is the most accurate statement?
A. Since 1994 most former welfare recipients have found fairly well paying jobs with full medical benefits. B. Welfare reform has not gotten very many people off of welfare rolls. C. Welfare reform was carried out during a time of great prosperity. D. Welfare reform has at least doubled the number of homeless Americans.
If you divide the amount of nominal GDP by the stock of money, you have computed the
A. multiplier. B. price level. C. velocity of circulation. D. inflation rate.