The liquidity approach to measuring money stresses the role of money as a
A) temporary store of value. B) medium of exchange.
C) unit of accounting. D) standard of deferred payment.
A
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When the Fed receives an inflow of Federal Reserve notes, its
A) assets rise. B) liabilities decline. C) liabilities increase. D) assets decline.
Governments in market economies usually have significant control over
a. investment spending. b. personal consumption spending. c. import spending. d. education spending.
In late 2008, the U.S. government extended unemployment insurance benefits for seven additional weeks, in recognition of the growing unemployment problem. This extension is an example of
A) automatic fiscal policy. B) discretionary fiscal policy. C) expansionary monetary policy. D) supply-side fiscal policy.
When a monopolist increases the number of units it sells, there are two effects on revenue. They are the
a. demand effect and the supply effect. b. competition effect and the cost effect. c. competitive effect and the monopoly effect. d. output effect and the price effect.