In a period of full employment, if M increases and V remains constant, the most likely result is
a. a decrease in the value of Q.
b. an increase in the value of Q.
c. a decrease in the value of P.
d. an increase in the value of P.
d. an increase in the value of P.
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In the former Soviet Union, nearly all resources were owned by
A. the government. B. business firms. C. individuals. D. foreigners.
Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes
Fill in the blank(s) with correct word
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $51; and in 2016, the basket's cost was $52 . The value of the CPI in 2014 was
a. 98.0. b. 102.0. c. 104.0. d. 151.0.
If the Fed purchases government securities from Bank A, __________ in the banking system __________ and the money supply __________
A) reserves; fall; falls B) reserves; rise; falls C) reserves; rise; rises D) excess reserves; fall; rises E) excess reserves; rise; falls