Effective usury laws cause:
A. a surplus of money in money markets.
B. the quantity of money demanded to be brought into balance with the quantity supplied.
C. the quantity of money supplied to exceed the quantity demanded.
D. a shortage of money in money markets.
Answer: D
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Assume that a consumer purchases products A, B, and C in quantities such that the last dollar spent on each yields the same marginal utility and the consumer's income is totally spent. We can conclude that:
A) total utility is being minimized. C) marginal utility exceeds total utility. B) production costs are being minimized. D) total utility is being maximized.
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.