The gross domestic product (GDP) concept accounts for society's valuation of the relative worth of goods and services by using a ________.
A. utility measure
B. monetary measure
C. measure of volume
D. measure of physical weight
Answer: B
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Which of the following is NOT a reason the Fed changes the rate of growth of the money supply?
A) to influence the amount of consumption B) to influence the amount of investment C) to shift the demand for money curve D) to influence aggregate demand
The growth of cities was due to the existence of important scale economies, which include all of the following except
(a) Central water and sewer systems (b) Education systems (c) Crime, congestion and pollution (d) Police and fire protection
Which of the following is inconsistent with the view that Fed monetary policy was excessively expansionary during 2010-2013?
a. Short-term interest rates that were near zero throughout these years. b. A rapid increase in the monetary base throughout these years. c. A tripling of Fed asset holdings from less than $1 trillion in 2008 to approximately $3 trillion in 2012. d. Growth of nominal GDP during 2010-2012 at a rate similar to that of recent decades.
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of
What will be an ideal response?