A supply curve shows the relation between the quantity of a good supplied and
A) income. Usually a supply curve has negative slope.
B) income. Usually a supply curve has positive slope.
C) the price of the good. Usually a supply curve has negative slope.
D) the price of the good. Usually a supply curve has positive slope.
D
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If the interest rate is 10%, the present value of $1 next year is
A) $1.20. B) $1.10 C) 91 cents. D) 10 cents. E) 9 cents.
How much does the money supply change if the reserve requirement rate is 20% and excess reserves are $5 million?
a. $50 million b. $1 million c. $10 million d. $25 million
If Emma has a positive rate of time preference, she will
a. value the receipt of $10,000 twenty years from now just as much as she would value receipt of the $10,000 now. b. value the receipt of $10,000 twenty years from now more than she would value receipt of the $10,000 now. c. value the receipt of $10,000 twenty years from now less than she would value receipt of the $10,000 now. d. prefer to receive any amount of money now to the $10,000 twenty years from now.
To expand the money supply the Fed could lower the required reserve ratio, lower the discount rate, or purchase government securities
Indicate whether the statement is true or false