The characteristics that money should have include:
A. portability, durability, and flexibility.
B. durability, flexibility and stability.
C. durability, portability, and non-homogeneity.
D. scarcity, portability, and divisibility.
Answer: D
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If the interest rate rises in the United States relative to other nations, then in the foreign exchange market the demand for dollars ________ and the supply of dollars ________
A) does not change; does not change B) increases; increases C) increases; decreases D) decreases; decreases E) decreases; increases
Use the classical (RBC) IS—LM—FE model to show the effects on the economy of a temporary beneficial supply shock; for example, a decrease in the price of oil
You should show the impact on the real wage, employment, output, the real interest rate, consumption, investment, and the price level.
The Laffer curve illustrates the relationship between
a. supply and demand. b. tax rates and tax revenues. c. opportunity cost and inflation. d. tax liability and taxable income.
According to the rule of 70, if the interest rate is 5 percent, how long will it take for the value of a savings account to double?
a. about 3.5 years b. about 6.3 years c. about 12 years d. about 14 years