Using the information in the above table, the value of M2 is
A. $4,600.
B. $3,600.
C. $3,800.
D. $5,500.
Answer: C
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When real planned saving is greater than real planned investment spending
A) real GDP will increase. B) the interest rate will increase. C) the interest rate will decrease. D) real GDP will decrease.
The potential for recipients of a loan to engage in riskier behavior after receiving the financing is called
A. adverse hazard. B. adverse selection. C. moral selection. D. moral hazard.
The United States is considered by the Institute for Management Development to be the most competitive economy because
A. of selected restrictions on imports from Japan and Europe. B. of widespread entrepreneurship. C. of a high saving rate. D. U.S. residents are willing to work harder than anyone else is.
Refer to the figure above. Which of the following is likely to happen if a price control of $80 is imposed in the market?
A) There will be a surplus of 25 units in the market. B) There will be a shortage of 25 units in the market. C) There will be a surplus of 10 units in the market. D) There will be a shortage of 10 units in the market.