Banks and mutual funds are examples of financial markets
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is included in both the U.S. GDP and U.S. GNP?
A) the value of all cars produced by Nissan in Japan and the United States B) the value of all cars produced by Ford in Mexico C) the value of all cars produced by Toyota in the United States D) the value of all cars produced by General Motors in the United States
A monopolist earning short-run economic profit determines that at its present level of output, marginal revenue is $23 and marginal cost is $30 . Which of the following should the firm do to increase profit?
a. Raise price and lower output. b. Lower price and lower output. c. Raise price and raise output. d. Lower price and raise output. e. Lower output but leave price unchanged.
During World War II, the U.S. government increased spending:
A. by less than it raised taxes. B. by more than it raised taxes. C. by the same amount as it raised taxes. D. but did not increase taxes.
Suppose you transfer $1,000 from your checking account to your savings account. How does this action affect the M1 and M2 money supplies?
A. M1 and M2 are both unchanged. B. M1 falls by $1,000, and M2 rises by $1,000. C. M1 is unchanged, and M2 rises by $1,000. D. M1 falls by $1,000, and M2 is unchanged.