Everything else the same, if income in Japan rises while income in the U.S. remains unchanged,
a. the supply of dollars in the foreign exchange market will increase.
b. the demand for yen in the foreign exchange market will decrease.
c. the supply of yen in the foreign exchange market will decrease.
d. the demand for dollars in the foreign exchange market will increase.
e. the demand for dollars in the foreign exchange market will decrease.
d. the demand for dollars in the foreign exchange market will increase.
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Everything else held constant, an increase in the money market fund ratio will result in ________ in the M1 money multiplier and ________ in the M2 money multiplier
A) an increase; an increase B) no change; an increase C) a decrease; a decrease D) no change; a decrease
A tax that reduces economic efficiency is always bad policy
a. True b. False Indicate whether the statement is true or false
Which of the following was not a criticism of the unconventional monetary policy used by the Fed in 2009 and 2010?
a. tendency towards higher unemployment b. tendency towards higher inflation c. usurping authority which should be allocated to Congress d. determining which banks would be allowed to fail
Suppose that the Town of Mapledale is considering hiring an additional firefighter. The expected benefit is estimated to be worth $5 for each of Mapledale's 15,000 residents. What should the city do?
a. Hire the firefighter because additional fire protection is priceless. b. Hire the firefighter if the cost of the new firefighter is less than $75,000. c. Do not hire the firefighter because the costs exceed the benefits. d. Hire the firefighter only if the benefit to the residents exceeds $75,000.