When one individual writes a check to another individual the money supply will not be changed.
Answer the following statement true (T) or false (F)
True
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Net national savings (S=y-c-g) is realted to the balance on the CA in the following way (the current account identity):
a) national savngs (S)= the balance on the current account (CA) + gross domest product (gdp)- gross national expenditure (GNE) b) national savings (S)= domestic investment (I)+ the balance on the current account (CA) c) National savings (S)= domestic investment (I)- the balance on the current account (CA) d) net national savings (s)+ the balance on the current account (CA)+ domestic investment (I)= gross domestic product
The table below shows cost data for a firm that is selling in a purely competitive market.OutputAverage Variable CostAverage Total CostMarginal Cost10$5.00$15.00$3124.0013.004144.7511.506165.759.009209.0012.0014Refer to the above cost chart. The lowest output level on this firm's short-run supply curve is:
A. 16. B. 10. C. 12. D. 20.
The HITECH Act of 2009 provides $20 billion of subsidies to encourage hospitals and physicians to:
A. Use more hi-tech diagnostic equipment B. Adopt electronic medical-records systems C. Switch from human lab-technicians to electronic ones D. Devote more research efforts toward hi-tech treatments
Panel (a) in Figure 6.1 depicts
a. low interest elasticity of money demand. b. high interest elasticity of money demand. c. no interest elasticity of money demand, which is the same as Panel (b). d. None of the above