If there is an excess demand for money in the economy,
a. there is also an excess supply of money.
b. there is also an excess demand for bonds.
c. there is also an excess supply of bonds.
d. the interest rate will fall.
e. there is also an excess supply of housing.
C
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The capture theory of regulation is defined as
A) the use of regulations to assure the efficient use of resources. B) the constant reapplication of regulation on the cable TV industry. C) the use of regulation to assist producers to maximize profits. D) the removal of regulations on business activities. E) regulation that focuses on consumers' interests and ignores producers' interests.
How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 2.00 dollars per British pound?
A) 22.5 British pounds B) 32.5 British pounds C) 12.5 British pounds D) 40 British pounds E) 30 British pounds