Macroeconomics Questions

real primary government budget deficit

14-3 Which of the following defines the "store of value" function of money?A) a common measurement of the relative value of different goods and servicesB) the ability of money to hold value over timeC) that the materials used to manufacture money are of medium grade or quality, so that people will not hoard money for its commodity valueD) that money is widely accepted in exchange for goods and services

14-1 Which of the following defines the "medium of exchange" function of money?A) to provide a common measurement of the relative value of different goods and servicesB) the ability of money to hold value over timeC) the materials used to manufacture money are of medium grade so that people will not hoard money for its commodity valueD) money that is widely accepted in exchange for goods and services

14-9 The easier it is to convert an asset directly into goods and services without loss, theA) less secure B) more secureC) more liquidD) less liquid

14-6 Which of the following is a problem with barter?A) individuals will not exchange goodsB) individuals' wants must coincide in order for there to be exchangeC) goods can be exchanged, but services cannot

14-8 Which of the following is not a store of value?A) dollarB) money market mutual fund shareC) checking account balanceD) credit card

If the CPI for food is 150.9, what then is the percentage increase in food prices since the bad year?

The change in consumer price index would be what type of indicator

The measure of the average change in prices that US producers charge their customers is known as

Which of the four sectors of GDP account for the highest percentage of the US economy

16-12 Beginning from an equilibrium at E2 in exhibit 12, a decrease in the money supply from $600 billion to $400 billion causes people to A) sell bonds and drive the price of bonds downB) buy bonds and drive the price of bonds upC) buy bonds and drive the price of bonds downD) sell bonds and drive the price of bonds up

16-18 equation of exchangeA) TR = PQB) MV = VMC) MV = PQD) TR = VM

14-12 which of the following items is not included when computing M1?A) coins in circulationB) currency in circulationC) savings accountsD) checking account entries

15-12 The cost to a member bank of borrowing from the federal reserve is measured by the A) reserve requirementB) price of securities in the open marketC) discount rateD) yield on gov. bonds

16-6 Using the aggregate supply and demand model, assume the economy is in equilibrium on the intermediate portion of the aggregate supply curve. A decrease in the money supply will decrease the price level andA) lower both the interest rate and the real gdpB) raise both the interest rate and real gdpC) lower the interest rate and raise real gdpD) raise the interest rate and lower real gdp

What happens to the aggregate demand curve if better economic conditions are forecast

Average weekly hours worked by factory workers would be what type of indicator

The value of the nations total output minus the total value loss the depreciation of goods is known as?

16-9 Which of the following is not an issue in the Keynesian-monetarist debate?A) the importance of monetary vs. fiscal policyB) the importance of a change in the money supplyC) the importance of a crowding out effectD) all are issues

The ups and downs in the economy are predominantly determined by what statistic