Smart cards will not much affect the demand for money if
A) the money supply is defined to include smart card balances.
B) the money supply is defined to exclude smart card balances.
C) the balance of the smart card is not considered to be electronic money.
D) the reserves of the card issuing institution fall when the smart card is "loaded" with funds from an account the customer already has at that institution.
A
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Which of the following statements is correct?
A. An increase in exports and an increase in imports will both tend to decrease the equilibrium real GDP. B. An increase in exports and an increase in imports will both tend to increase the equilibrium real GDP. C. An increase in exports will tend to decrease, and an increase in imports will tend to increase, the equilibrium real GDP. D. An increase in exports will tend to increase, and an increase in imports will tend to decrease, the equilibrium real GDP.
Full employment means which of the following is zero?
a. structural unemployment b. cyclical unemployment c. frictional unemployment d. aggregate unemployment
The quantity of savings that people are willing to supply will depend on:
A. the price they will receive. B. the amount they have left over after consumption. C. their disposable income. D. their age, since people tend to stop saving once they retire.
Which of the following persons would be considered unemployed?
a. A house wife b. A 15-year-old looking for summer employment c. A person who worked more than 20 hours in a family-owned business d. A recent college graduate looking for her first job e. A full-time student