题目内容

Liquidity refers to()

A. the ease with which an asset is converted to the medium of exchange.
B. a measurement of the intrinsic value of commodity money.
C. the suitability of an asset to serve as a store of value.
D. how many time a dollar circulates in a given year.

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The legal tender requirement means that()

A. people are more likely to accept the dollar as a medium of exchange.
B. the government must hold enough gold to redeem all currency.
C. people may not make trades with anything else.
D. All of the above are correct.

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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assuming this economy is closed, consumption is $ trillion, government purchases are $ trillion, national saving is $ trillion, and investment is $ trillion.

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Suppose a country had a smaller increase in debt in 2006 than it had in 2005. Then other things the same, we’d expect ()

A. lower interest rates and investment in 2006 than in 2005.
B. lower interest rates and greater investment in 2006 than in 2005.
C. higher interest rates and greater investment in 2006 than in 2005.
D. higher interest rates and lower investment in 2006 than in 2005.

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In a certain economy in 2005, GDP amounted to $5,000; consumption amounted to $3,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows that government purchases amounted to ()

A. $900.
B. $1,100.
C. $1,250.
D. $1,325.

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Liquidity refers to()

A. the ease with which an asset is converted to the medium of exchange. B. a measurement of the intrinsic value of commodity money. C. the suitability of an asset to serve as a store of value. D. how many time a dollar circulates in a given year.

The legal tender requirement means that()

Suppose a country had a smaller increase in debt in 2006 than it had in 2005. Then other things the same, we’d expect ()

In a certain economy in 2005, GDP amounted to $5,000; consumption amounted to $3,000; government purchases were equal to investment; and the value of imports exceeded the value of exports by $200. It follows that government purchases amounted to ()

A. the ease with which an asset is converted to the medium of exchange.
B. a measurement of the intrinsic value of commodity money.
C. the suitability of an asset to serve as a store of value.
D. how many time a dollar circulates in a given year.