Utilitarians believe
a. that the government should choose just policies as evaluated by an impartial observer behind a "veil of ignorance.".
b. in the assumption of diminishing marginal utility.
c. that everyone in society should have equal utility.
d. that the government should not redistribute income.
b
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Do bankers create money?
a. No, they cannot do this as private businesses. b. No, they are prevented by federal law. c. Yes, through multiple deposit creation. d. Yes, by opening checking accounts for customers.
A wealthy executive is holding money, waiting for a good time to invest in the stock market. This action would be an example of the:
A. Transactions demand for money B. Asset demand for money C. Creation of fiat money D. Use of money as a medium of exchange