Government actions designed to affect the performance of the economy as a whole are called ________ policies.
A. global
B. macroeconomic
C. microeconomic
D. social
Answer: B
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The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposits, $500,000 in loans, $20,000 in its reserve account at the Fed, and $5,000 of currency in its vault
What is the amount of these assets and liabilities that is in M1?
Suppose the price level is rising and it is widely forecast to rise even further. This forecast might cause __________ of some consumption plans, resulting in __________ the AD curve
A) postponement; a rightward shift of B) postponement; a leftward shift of C) acceleration; a rightward shift of D) acceleration; movement down along
The price at which a monopolistic competitor sells its product in both the long run and the short run is equal to:
A. average revenue. B. marginal cost. C. marginal revenue. D. average total cost.
What happens when the government prints too much money?
a. Service prices decline. b. Money loses its value. c. Currency supply falls. d. Faith in money rises.