PLEASE HELP ME AGAIN ASAP!

 

In the money market, the money supply curve is depicted as:

Select one:

a. Upward sloping.

b. Downward sloping.

c. Horizontal.

d. Vertical.

 

According to Okun’s law, if cyclical unemployment increased from 1% to 2% above the natural rate of unemployment, the output gap would:

Select one:

a. Decrease from 3% to 1%.

b. Decrease from 3% to 2%.

c. Increase from 2% to 4%.

d. Increase from 1% to 2%.

 

The law of demand states that:

Select one:

a. price and quantity demanded are inversely related.

b. the larger the number of buyers in a market, the lower will be product price.

c. price and quantity demanded are directly related.

d. consumers will buy more of a product at high prices than at low prices.

 

Changes in the discount rate are:

Select one:

a. The most powerful and useful tool of monetary policy.

b. Less frequent than changes in the reserve ratio.

c. More important than open-market operations.

d. Less important than open-market operations in implementing monetary policy.

 

The demand curve shows the relationship between: 

Select one:

a. money income and quantity demanded.

b. price and production costs.

c. price and quantity demanded.

d. consumer tastes and the quantity demanded.

 

When an item that has no intrinsic value is used as money, that item is called:

Select one:

a. Commodity money.

b. High-powered money.

c. Token money.

d. The money supply.

 

Assume the MPC is 2/3. If investment spending increases by $2 billion, the level of GDP will increase by:

Select one:

a. $3 billion.

b. $2/3 billion.

c. $6 billion.

d. $2 billion.

 

The Federal Reserve System (or the Fed) was created in:

Select one:

a. 1931.

b. 1954.

c. 1972.

d. 1913.

 

If the Fed engages in open-market operations, it can increase the money supply by:

Select one:

a. Selling bonds.

b. Buying bonds.

c. Increasing the discount rate.

d. Increasing the reserve ratio.

 

The federal funds rate differs from the discount rate in that:

Select one:

a. The discount rate is the interest rate that banks charge other banks for loans, and the federal funds rate is the interest rate that the Fed charges member banks for loans.

b. The federal funds rate is the interest rate that banks charge other banks for loans, and the discount rate is the interest rate that the Fed charges member banks for loans.

c. The discount rate is the interest rate offered to a bank’s best customers.

d. The federal funds rate is always greater than the discount rate.

 

The level of aggregate expenditures in the closed economy is determined by the:

Select one:

a. Expenditures of consumers and businesses.

b. Intersection of the saving schedule and the 45° line.

c. Equality of the MPC and MPS.

d. Intersection of the consumption and savings schedules

 

Which of the following money components is not included in M1?

Select one:

a. Currency

b. Demand deposits (checking accounts)

c. Savings deposits

d. All the above

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Status NEW Posted 12 Jul 2017 05:07 AM My Price 10.00

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