If total production of goods and services for a given quarter is $2,000 billion (seasonally adjusted), the GDP will be reported at an annual rate of
a. $750 billion.
b. $1,500 billion.
c. $5,000 billion.
d. $8,000 billion.
d. $8,000 billion.
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When considering the demand for money curve, the interest rate
A) is the price of holding money. B) varies negatively with the transactions demand for money. C) will have a positive relationship with the quantity of money demanded. D) is independent of the opportunity cost of money.
Keynes' great book offered the promise of ending depressions through
a. investors reacting to lower interest rates. b. consumers taking over the ownership of factories. c. government nationalizing key industries. d. government influencing aggregate demand.
Suppose the maintenance margin is $2,000 per contract. How much must you deposit in your brokerage account if you want to sell 20 futures contracts?
A. $2,000 B. $40,000 C. $44,000 D. $200,000
If we are on the upper portion of the market demand curve (above the midpoint) and the price increases by 10%, the quantity demanded will decrease by more than 10%.
Answer the following statement true (T) or false (F)