If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to remain the same.
b. M2 money supply to fall.
c. M2 money multiplier to fall.
d. Monetary base to rise.
.A
You might also like to view...
The efficient markets hypothesis implies that stock investments should have the same expected return after adjusting for
A) risk. B) information costs. C) liquidity. D) all of the above.
Which of the following economists believed that the factory owner, by paying his workers meager wages, was able to use this surplus to buy more capital goods?
A. Adam Smith B. Thorstein Veblen C. Milton Friedman D. Karl Marx
If the price of a good has risen over time,
a. it must have become more scarce. b. it must have become less scarce. c. it has become more scarce only if the price adjusted for inflation has risen. d. it has become less scarce only if the price adjusted for inflation has risen.
The top executives who run a corporation
What will be an ideal response?