Describe three types of gains from trades?
A) trades of exchange rates for goods or services, trades of goods or services for property, and trades of gold for textiles
B) trades of goods or services for goods or services, trades of goods or services for assets, and trades of assets for assets
C) trades of imports for exports, trades of exports for imports, and trades of natural resources for financial assets
D) trades of services for goods, trades of currency for services, and trades of one type of currency for another
E) trades of current goods for future services, trades of currency for gold, and trades of one type of currency for another
B
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Metering is
a. A form of indirect price discrimination b. A form of direct price discrimination c. An evaluation of a product d. An example of bundling
When the Fed makes open-market sales bank
a. withdrawals and lending increase. b. withdrawals increase and lending decreases. c. deposits and lending increase. d. deposits increase and lending decreases.
Table 9.1Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210Which of the following represents the consumption function consistent with the data in Table 9.1?
A. C = $160 billion + 0.91YD. B. C = $50 billion + 0.80YD. C. C = $50 billion + 0.76YD. D. C = $160 billion + 0.80YD.
What reasons do monetarists give for downgrading the importance of fiscal policy relative to monetary policy?
What will be an ideal response?