Which of the following best describes a flow rather than a stock?
a. You own $5,000 worth of government bonds.
b. You own a $100,000 house
c. You own a coin collection valued at $10,000.
d. You earn $500 per week.
e. You own a $45,000 automobile.
d
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Monetarists advocate increasing the money supply by a constant rate year after year. True or False
Which of the following statements concerning major cycles is incorrect?
a. major cycles are characterized by wide fluctuations in business activity b. the United States has experienced five major cycles since World War II c. severe recessions in major cycles result in widespread unemployment d. during major cycles, economic activity rises and falls relative to the long-term growth trend
Suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. What is the value of net exports?
a. $170 million b. $80 million c. $10 million d. -$10 million
According to the quantity theory of money
A. a change in the money supply can lead only to a proportionate change in the price level. B. the rate of inflation is not related to changes in the money supply. C. the velocity of money is the least stable factor in monetary analysis. D. price level changes can best be explained by Keynesian analysis.