Liquidity refers to the
a. rapidity with which money flows through the economy.
b. ease with which an asset can be converted into cash.
c. ease with which banks move funds from checking to savings accounts.
d. All of the above are correct.
b
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Which of the following are parts of the business cycles?
A) peak and potential GDP B) real GDP and potential GDP C) recession and expansion D) inflation and recession
If foreign holdings of U.S. dollars increase, holding all else constant,
A) the balance on the U.S. current account will increase. B) the balance on the U.S. capital account will increase. C) the U.S. balance of trade will increase. D) the balance on the U.S. financial account will increase.
A Gini coefficient of ________ means that an income distribution is perfectly equal and a Gini coefficient of ________ means the income distribution is perfectly unequal
A) 1; 0 B) 0, 100 C) 100, 0 D) 0; 1
If Simple were able to move first in a sequential version of the game in Scenario 13.15, the equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.