Which of the following would indicate that the dollar amount being analyzed is money?
a. M1 money stock of $1.4 trillion at the end of 2010
b. Microsoft profits of $500 billion in 2010
c. The first quarter of 2002
d. Nominal GDP in 2010 of $14.7 trillion
a
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Explain what happens to the money supply, interest rates, investment spending and GDP when the Fed makes open market bond purchases
What will be an ideal response?
The U.S. tax system
A) reduces inequality and shifts the Lorenz curve away from the line of equality. B) reduces inequality and shifts the Lorenz curve toward the line of equality. C) increases inequality and shifts the Lorenz curve toward the line of equality. D) increases inequality and shifts the Lorenz curve away from the line of equality.
Which of the following is the primary source of high earnings in a market economy?
A) a willingness to work hard even if you are not productive B) a willingness to engage in actions where you gain at the expense of others C) the ability to provide others with things that they value highly D) a willingness to exploit workers and consumers
The current account balance is equal to
A. Trade balance + services balance - capital account balance. B. Total payments made by residents of the United States to foreigners plus total payments made by foreigners to residents of the United States. C .Trade balance + unilateral transfers. D. Trade balance + services balance + capital account balance.