The Fed Chairman has authority and responsibility for federal budget deficits.
a. true
b. false
b. false
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The M2 multiplier in the United States is currently about
A) 16. B) 23. C) 4. D) 50. E) 1.
The price elasticity of demand measures the responsiveness of
A) supply to demand changes. B) equilibrium changes. C) quantity demanded to changes in the price. D) demand to supply changes. E) the price to changes in quantity demanded.
The precautionary demand for money originates in
A. people's uncertainty and their desire for "mad money." B. fear that prices will rise. C. expectations of economic booms. D. expectations of stock market crashes.
A short-run equilibrium occurs
A. at the intersection of the long-run aggregate supply curve and the aggregate demand curve. B. at the intersection of the short-run aggregate supply curve and the aggregate demand curve. C. at the real GDP associated with full employment. D. at the intersection of the short-run aggregate supply curve and the long-run aggregate supply curve.