Which of the following appears as a liability on the Federal Reserves balance sheet?
A) U.S. government securities owned outright
B) Commercial bank deposits
C) Gold certificates
D) Cash items in the process of collection
B
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Under a flexible exchange rate regime, an increase in real money demand
A) moves the AA curve to the right. B) moves the AA curve to the left. C) leaves the AA curve unchanged. D) moves the DD curve to the right. E) moves the DD curve to the left.
A consol paying $20 annually when the interest rate is 5 percent has a price of
A) $100. B) $200. C) $400. D) $800.
To answer the next question use the information in the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5. Change in IncomeChange in ConsumptionChange in SavingsAssumed increase in investment$5.00 $1.25Second round $2.81 All other rounds 8.44 Totals 5.00The multiplier in this economy is
A. 2. B. 3. C. 4. D. 5.
Which of the following is the best definition of autonomous in the phrase “the autonomous factors that influence consumption?”
a. independent of income b. independent of inflation c. self-correcting d. self-aware